Tuesday , August 4 2020
Breaking News
Home / Op-Ed / Features & Analyses (page 10)

Features & Analyses

Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Milk economy

Despite the fact that Pakistan has lessthan 2,000 litre per animal yield, it produces 35.6 billion liters of milk per year, emerging as the fifth largest milk producing country in the world. Pakistan is an agrarian country and livestock and dairy sector plays an important role in the economy of Pakistan, contributing 52 percent to agriculture value addition to the ... Read More »

Potentials of economic growth

Pakistan is 26th country in terms of purchasing power parity, having per capita of $4,886, making it middle income country in the world. However, according to British economist Jim O’Neill, the country has the potential to become the 18th largest economy of the world by 2050, leaving behind many strong economies such as Germany. Jim O’Neill had earlier coined the ... Read More »

Enigma of taxation

According to newspaper reports, the government has projected an overambitious revenue collection target of Rs 3.1 trillion for the Federal Board of Revenue (FBR) during next fiscal year whereas it has failed to achieve its target this year and revised it from Rs 2,810 billion to Rs 2,605 billion. According to financial experts, instead of setting reasonable and achievable target, ... Read More »

Funding less privileged communities

According to newspaper reports, the World Bank is considering providing financial assistance to the Indus Eco-region Community Livelihood Project, aimed at improving the livelihoods of the local communities by various means. The financial assistance will focus on the areas relating to the non-farm income, strengthening value chains and reducing gender inequality in society. The financial support will result in enhancing ... Read More »

Cotton affairs

The All Pakistan Textile Mills Association has made it clear to the government that its members are unable to pay the Gas Infrastructure Development Cess (GIDC) because it will not only hurt the textile industry at large, but will also result in total closure of units located in Sindh and Balochistan. On another note, the cotton prices have come under ... Read More »

APC on economic corridor

An All-Party Conference, chaired by Prime Minister Nawaz Sharif, has removed the reservations of various political leaders and has given a go-ahead signal to the government to develop western part of the China-Pakistan Economic Corridor, linking Gwadar with Kashgar, on priority basis. On the occasion, the prime minister said that the political leaders have endorsed the corridor project, aimed at ... Read More »

Global economy and G7

At least seven countries of the world hold 80 percent share of the global economy. The representatives of the G7 countries are now gathering in Germany to discuss ways and means to strengthen the global economy and that also for their own interests. According to newspaper reports, the United States is pressing the strong economies such as Germany to invest ... Read More »

Broadening tax net

In a meeting of business executives, Finance Minister Ishaq Dar has once again sought help from the business community to broaden tax-base in the country as the dream of economic prosperity could not be achieved without increasing the tax revenue. According to him, the official machinery and institutions are trying their best to broaden tax net, but the business community ... Read More »

Key areas of interest for mid-income investors in Lahore

By Azka Naeem The realty market of Lahore, Pakistan’s cultural capital, is a delightful mix of high, mid and low-end housing options and welcomes people from all income groups with open arms. From sprawling mansions in high-end localities like DHA Lahore, Cantonment and Model Town to the rustic narrow lanes making up the arteries of the ancient Walled City neighbourhood, ... Read More »

Absence of tax culture

Federal Board of Revenue (FBR) Chairman Tariq Bajwa has pointed out a very bitter reality about tax collection in the country, saying that there is no culture of tax compliance in Pakistan. Addressing a gathering of students attending a tax fair at the National University of Sciences and Technology in Islamabad, he highlighted the importance of tax collections and asked ... Read More »

Taxing foreign remittances

In a bid to enhance tax revenues, the government has made an abortive attempt to bring foreign remittances into the tax net. Briefing the Senate Standing Committee on Finance and Revenue, Secretary Finance Dr Waqar Masood Khan, said that the tax evaders or non-tax paying people would be subjected to higher withholding tax in the coming budget and the computerised ... Read More »

Enhancing Pak, Indian trade

According to newspaper reports, US Ambassador to India Richard Verma has favoured enhancement of trade between Pakistan and India, saying he will try his best to push both the governments to resolve their bilateral issues at the earliest. He says that there is immense potential to save huge transportation costs and time if more and more trade is done between ... Read More »

Imposition of GIDC

The National Assembly and the Senate have passed “The Gas Infrastructure Development Cess Bill, 2014” to collect Rs 100 billion from gas consumers and spend the money on various energy projects. However, the opposition parties, including Pakistan Tehreek-e-Insaf, Muttahida Qaumi Movement and Jamaat-i-Islami have criticised the government on the passage of the bill, saying the gas surcharge on bills will ... Read More »

Business, business and business

According to newspaper reports, the government is trying its best to keep focus on the economic growth in the coming budget. Finance Minister Ishaq Dar has acknowledged that the country has achieved lower than targeted growth rate during the current fiscal year, but believed the economic indicators are showing signs of stability and recovery and the situation will be different ... Read More »

Allocations for infrastructure projects

According to newspaper reports, the government has decided to allocate over Rs 250 billion to develop infrastructure in the country, including energy and transportation sectors in budget 2015-16 that would have an overall Rs 600 billion development outlay. After a consultative meeting on budget presided over by Prime Minister Nawaz Sharif, Minister for Planning and Development Ahsan Iqbal said that ... Read More »

Economic cooperation

A report released by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) says that structural weaknesses constrain growth prospects of the developing economies in the Asia-Pacific in comparison to the rest of the world. The report stresses that more inclusive economic growth is key to ensuring sustainable prosperity for all and that the growth will ... Read More »

The ancient city of Pakistan

Thatta is an ancient city located around 100 km from Karachi. With approximately 250,000 inhabitants, the city has a lot of historical monuments and is considered as a tourist spot for those wanting to learn about the history of Pakistan. In fact historians say Thatta may have been the main port on the Indus during the time of Alexander the ... Read More »

Pakistani Traveller Habits

What does an average Pakistani traveller look for? PAKISTAN, Karachi, May 14, 2015: With the summer season coming up, hotels and airlines avail the opportunity to mark up their prices, because they understand the importance people place upon travelling. Jovago.com conducted some market research to gain some insights about the average Pakistani traveler. In Pakistan, the average traveller spends approximately ... Read More »

$6 billion ADB loan

The Asian Development Bank has approved a $6 billion loan to help develop the ailing electricity network and launch key infrastructure projects in Pakistan. The bank will provide funds for the projects related to health, education and highway construction while it will also finance a 660-megawatt coal-fired power plant in southern areas of the country. According to economic affairs ministry, ... Read More »

New tranche of IMF loan

The Pakistani government and the International Monetary Fund have reached an agreement for the disbursement of a tranche of $506 million next month as part of the $6.8 billion IMF package for the country under the extended fund facility program. Addressing a press conference after signing the agreement, Finance Minister Ishaq Dar announced cut in subsidies, withdrawal of tax exemptions ... Read More »