The political elite of Pakistan always considers the 18th amendment as an achievement, as it provided much-needed provincial autonomy to provinces in the form of an increased share in the NFC (National Finance Commission Award). As a result of this amendment, several departments have been closed or being shifted to provinces. Although many departments suffered […]
Economic Pledges in Times of Elections
The elections are going to take place in a couple of days. The political parties yet gain started to chant the slogans to catch the hearts of the people. In the last couple of years, the people of Pakistan have suffered a lot due to economic meltdown. Political parties use economic promises to mobilize support […]
Inflated Electricity Prices
Electricity has always remained a key issue of concern for the people of Pakistan. From power generation to power supply, governments have always faced criticism due to ever-rising load shedding, power supply issues and price of the electricity. The problem of circular debt has emerged in the recent decade. Circular debt can be defined as […]
Budget 2023 and Persisting Economic Woes
It’s a budget “as usual” at times “unusual.” This comes to mind when we see the budget for 2023. For the common man, it has many things, a wage increase, a promise from the government side that there will be no taxes and most importantly it’s a budget with an approach of further economic expansion […]
The COVID-19 and its Economic Impacts
The COVID-19, commonly known as the Corona Virus, has emerged as a new threat to the world. Since January 2020, its beginning from China, it has affected almost one hundred thousand people around the globe. Around Five to Six thousand people have died due to this virus till now and the death toll is rising […]
Pakistan’s Monetary Policy Management: Hot Money and High Policy Rate
The State Bank of Pakistan has announced the first monetary policy, for the year 2020, as expected due to the higher rate of inflation, the policy rate has been maintained at 13.25 percent. In this regard, the debate on ‘Hot Money’ has been started in Pakistan. The economic experts are of the view that due […]
Tax management in federal budget
The federal government has presented its first finance bill. The total outlay of the budget is Rs 7,036.3 billion with a record deficit, is almost 7.2 per cent of the GDP. The Pakistan Tehreek-i-Insaf government had promised change. The change in the overall socio-economic and administrative infrastructure is expected from them. In this regard, the […]
The hefty tax management in Budget 2019
The federal government of PTI has presented its first proper finance bill. The total outlay of the budget is 7036.3 billion rupees, with a record deficit of 3.15 trillion rupees, which is almost 7.2 percent of the GDP. The PTI’s government had come with the agenda of change. The change in the overall socioeconomic and […]
The rise and fall of Asad Umar
Given his build-up, one could predict as early as April 2012 that Asad Umar was going to be the federal finance minister whenever Pakistan Tehreek-i-Insaf won an election and formed a government. From grassroots PTI workers, of who many showed no signs of understanding macro-economics, to Imran Khan himself, everybody swore by his business acumen. […]
Governing through verbal orders: PTI’s goodwill on stake
The PTI lead government completed its first 100 days now. The time frame of 100 days which has been set by the government itself passed very swiftly. The first three months of the current regime are more than eventful. Usually in Pakistan the political front does settle down for a while after the elections, but […]