Regulating the foreign exchange market on April 15, 2019If you wish to boil an ocean, do not ask for ways because there aren’t any. With the Federal Investigation Agency’s entry into the forex market, Pakistanis are soon likely to witness a market failure turning into a government failure. The demand for US dollar, the reserve currency, always increases whenever a local currency faces […]
Tax reforms in Pakistan on March 26, 2019The Federal Board of Revenue (FBR) is likely to miss its target by approximately Rs 485 billion according to recent reports. Reduced tax rates, the abolition of tax on certain items, cut in government spendings, import compression and a couple of other factors are being put forth to explain the shortfall. It is yet to […]
Politics and Economy on February 8, 2019Standard and Poor’s has lowered Pakistan’s credit rating by one notch from B to B negative. Rating agencies do not share the reasons for these changes. However, it is certain that these are based on multiple factors and reasonably reflect a country’s economic vulnerabilities. An average reader of the newspaper knows what is happening around. […]