Inflation, as measured by the Consumer Price Index (CPI), rose to 21.32 per cent in June, the highest in over 13 years, data shared by the Pakistan Bureau of Statistics (PBS) revealed on Friday. Last month, inflation was recorded at 13.76pc. In… Continue Reading
THE government has finally come to terms with ‘IMF-dictated’ budgetary measures and increased target for revenue collection to Rs7.47 trillion for the next fiscal year with net addition of Rs466 billion worth of taxes since the June 10 original budget.… Continue Reading
The measure may address immediate solvency concerns but if reforms are not done, there will be no golden goose to cull in future. The Shehbaz Sharif-led government, earlier today, announced the imposition of a super tax of 4 per cent across all… Continue Reading
Once or twice a year, the approaches to Islamabad, Pakistan’s staid, leafy capital, start to resemble a jumbled cargo port. Piles of shipping containers sprout up at motorway junctions on the outskirts of the city and at strategic crossroads inside it.… Continue Reading
The upcoming budget is an opportunity to show that the government is serious about altering the status quo. All eyes are on the National Assembly as the Shehbaz Sharif-led government is set to announce the budget for the next fiscal… Continue Reading