Expanding the Tax Ambit (Part II) on August 11, 2023There is also an imperative to review and restructure Free Trade Agreements (FTAs), particularly the Pak-China FTA. The latter was signed in 2006 and came into effect in 2007, marking a critical juncture in the trajectory of economic development in Pakistan. Currently, it is based on the 6,786 tariff lines mutually agreed upon between the […]
Expanding the Tax Ambit (Part I) on August 7, 2023The federal government of Pakistan sets revenue collection target of Rs 9,415 billion for fiscal year 2023-24. The budgetary targets are ambitious but achievable by exploring un-chartered territories. FBR has undertaken number of reforms and made automated its business processes in an efficient manner; it has also experimented simplified tax assessment but the tax to […]
Dissecting Revenue Stream (Part II) on July 17, 2023Taxation is largely dependent on the nature of the economy and its direction of growth or otherwise. There are different measures for assessing an economic situation. It can be based on both economic indicators of some critical and strategic nature as well as on its ratings given by international rating agencies, such as Moody’s Investor […]
Dissecting Revenue Stream (Part I ) on July 16, 2023The federal government of Pakistan presented a federal budget of Rs14.460 trillion for the fiscal year 2023-24 on 09 June 2023, with the GDP target set at 3.5% and the fiscal deficit targeted at 6.54% of the GDP. The government has set itself a target of collecting Rs12, 163 billion in gross revenue receipts, out […]
Rail Corridors in Pakistan (Part III) on May 7, 2023When taking into account the existing cross-border railway connectivity of Pakistan, it emerges that at present Pakistan has very restricted original connectivity which is limited to India at Khokarapar, Wagha, Amruka & Chakamru. The railway connectivity with Iran is from Quetta to Taftan and Ziadan. Pakistan does not have a rail connection with Afghanistan and […]
Rail Corridors in Pakistan (Part II) on May 6, 2023A railway system is an ideal mode for bulk movement of freight cargo and passengers and the rail network of Pakistan comprises 11,881 km. Railways used to be the Government’s priority up to 1970 but it declined due to road development, which has political ownership. The railways have remained neglected by successive governments in the […]
Rail Corridors in Pakistan (Part I) on May 5, 2023Developing amicable relations with China has always been a common perception in Pakistan that transcends all political differences and enjoys a high degree of agreement. Both countries have maintained the momentum of close high-level exchanges, strengthened strategic communication and jointly led the direction of China-Pakistan relations. The month of May 2023 marks the 72nd anniversary […]
Integrated Watershed Management Plan (Part II) on December 7, 2022Would Shanghai Cooperation Council (SCO) provide a platform for discussion and the drawing of an eventual framework of cooperation on glacial issues? It seems that Russia is the only country in the North, which could theoretically provide resources for such projects, programmes and platforms. The rest of the member countries of SCO belong to the […]
Integrated Watershed Management Plan (Part I) on December 5, 2022Humans have coexisted with rivers for centuries; living on embankments and benefitting from their ebbs and flows to earn their living. Urbanization has created a wedge between the two. Integrated Watershed Management is all about learning to live with the rivers again. Relevant literature suggests that globally, nations are returning to integrated management of natural […]
Receding Third Pole & GLOF (Part II) on November 21, 2022Hindu-Kush Himalaya (HKH) communities have historically faced natural and climate-induced disasters, and have developed a level of cultural resilience based on traditional knowledge and practices. However, in order to address the increasing trend of GLOFs, the UNDP launched the GLOF Project with a $36.9M fund from the Green Climate Fund (GCF), with the Ministry of […]