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Tag Archives: Features and Analyses

FBR may take stern action against big guns

ISLAMABAD: Federal Board of Revenue has reportedly decided to act sternly against the tax defaulters amongst the big guns of the country as the task to achieve the target of tax collections during the current fiscal year seems out of reach otherwise. Sources within FBR told Customs Today that Finance Minister Ishaq Dar has attained permission from the Prime Minister ... Read More »

Effective enforcement need of the hour

ISLAMABAD: The improved performance of tax collection machinery (FBR) can make a real difference in terms of displaying a tag of success for IMF’s sponsored bailout package of $6.67 billion for Pakistan’s ailing economy under Extended Fund Facility (EFF). This 36-months program of IMF will be derailed if FBR fails in improving stagnant tax-to-GDP ratio by broadening of narrowed tax ... Read More »

Declining forex reserves: Closing the trade gap the only answer

There is a growing gap between exports and imports, putting an unbearable pressure on the balance of payments. Of the myriad challenges facing the national economy, the most formidable is its vulnerable external position. The widening trade gap, steadily falling financial inflows and debt repayments have led to a marked drawdown of the forex reserves. According to the data released ... Read More »