Besides presenting a plan as to how the government intends to tax and how it plans to spend its money, the federal budget is also meant to provide the economy with a sense of direction regarding its priorities and future growth.
by Amna Memon For the past three years, Pakistan has been pursuing macroeconomic stability under the patronage of the International Monetary Fund (IMF). It appears that the government has been successful to some extent, with the economy growing at a rate of 5.28%, the highest growth rate in almost a decade. The size of the economy also surpassed $300 billion […]
By Zia Banday Originally Published in The Express Tribune, January, 23rd 2017 In the constitutional history of Pakistan, more credit should be given to the political class for the sustenance of its federalism spirit. The sort of flexible disposition required for running a federation of four constituent units has remained in ample supply in the political class, despite their many […]
By Ali Salman Originally Published in The Express Tribune, January 16th, 2017. When the pro-business, experienced economic team of PML-N took reign of Islamabad in 2013, Pakistan had recorded an export of 25,078 million dollars, which were 1.1% higher than 2012. In January 2017, the SBP reported exports for 2015-16 were recorded at $21,977 million. This is a decline by 12.36% […]
The PRIME Institute Government Policy Scorecard is a biannual report (6 monthly) which ranks the Federal government’s economic performance by analysing 89 policy components in the broad areas of Economic Revival and Energy Security. Islamabad-based Economic Research Think Tank PRIME Institute has published its 8th Government Policy Scorecard. The report was unveiled to the Press at the National Press club […]
By Shahid Mehmood Originally published in Business Recorder, 9th January, 2017 Public good, in economics, refers to something useful for the public that has two major properties: it is ‘non-excludable’ and its ‘non-rivalrous’. The former pertains to the aspect that nobody can be excluded from enjoying its benefits, while the latter signifies that the use or consumption of this kind […]
By Shahid Mehmood Originally published in The News, 8th January, 2017 Welfare and welfare states have been constants in the socio-economic affairs of modern-day nation states, at least from the time of Otto Von Bismarck’s Germany (formerly Prussia). Since then, there has been a gradual move towards establishing a welfare-oriented state. One of the major attractions of the industrialised West […]
WTO Information Technology Agreement (ITA), concluded in 1996, is a plurilateral tariff cutting framework which requires complete elimination of tariffs and non-tariff barriers on IT products covered in the agreement. In 2001, Government of Pakistan seriously considered joining this agreement and taxes/tariffs were rationalised on almost all ITA products. However, this decision was kept on hold and then reversed and […]