19.7 C
Islamabad
Wednesday, November 13, 2019
Prime Minister Imran Khan, while chairing the parliamentary committee meeting on Thursday 7 November, including parliamentarians of allied parties, restated “stand by me on the inflation issue, I am monitoring it;” and proceeded to blame hoarders, read profiteers, creating artificial shortages to shore up prices. There is ample evidence...
TWO recent events have once again brought into discussion the performance of internet-enabled start-ups: the launch by the SECP of a start-up portal to encourage innovation and the 021Disrupt conference in Karachi that offered technology entrepreneurs a rare opportunity to raise funds for their ventures from local and foreign...
If the government was listening to the State Bank of Pakistan (SBP) rather than the World Bank, it would be in a much more somber mood. While there has been much patting each other on the back over the Ease of Investment ranking improvement, the SBP's annual report for...
In developed countries, the ratio of emissions of greenhouse gases from vehicles in total volume of environmental pollution is 20 percent but here in Pakistan it is 40 percent. And if not controlled the country’s major cities are expected to be as paralyzed as an smog-enveloped New Delhi is...
The Minister for Economic Affairs Hammad Azhar no doubt tasked to present a defense of the state of the economy amidst rising public clamour against accepting the upfront International Monetary Fund (IMF) conditions, instead of an appropriate phasing that would have eased concerns over the possibility of socio-economic unrest,...
IT is a welcome development that the government has succeeded in negotiating a waiver of the fine imposed on the country in the dispute with Karkey Karadeniz, the Turkish company that had set up a rental power plant in Pakistan and that became the subject of intense judicial intervention....
Though cement demand is not catapulting, there are clear signs that market is becoming slightly more confident, and the demand trends seen last year are flipping-demand is moving from the south side to the north side. In the period July-Oct 19, domestic demand in the south has pummeled 31...
The talks of forming new tax authority are resurfacing. The idea is in deliberation phase. The options are either to form a new tax authority or to have an independent wing within the FBR to grow organically. The aim is to bring sectors and areas which are not paying...
There have always been complaints about the low level of borrowings in the housing sector despite efforts by various governments to incentivize banks to promote lending in this sector. The present government has gone a step further and announced the provision of housing as a central plank of its...
The State Bank of Pakistan (SBP) recent report reveals deterioration in debt sustainability indicators due to higher external debt and liabilities to Gross Domestic Product (GDP) ratio: from 27.4 percent in 2017 to 33.5 percent in 2018 to 45 percent by June 2019. However, going forward, the SBP projects...

Opinion

TAXATION in tax banking collection

Taxation in trouble

The issue the government made the most noise about in tax collection has hit a snag. While claims about how much money had been...