The economic pie is divided among the income classes where high-net-worth individuals buy luxury goods and services while low and middle-income ones buy mass produced goods. Luxury goods are usually imported. If they are produced locally, they will involve a lot of imported content. In addition, they are produced through capital-intensive techniques. Hence, they consume precious foreign exchang
Pakistan faces numerous challenges in its tax system and revenue generation. These challenges include a narrow tax base, a complex tax structure, an undocumented economy, weak enforcement, political instability, and inconsistent policies. Each government attempts to address these issues according to its own priorities, but the focus remains primarily on increasing taxes from the existing taxpay
This month, the US Bureau of Industry and Security revealed a new package of strategic export controls on 140 Chinese companies, driven by a fear that the Chinese army could use artificial intelligence (AI) in automated identification and targeting of human subjects. The regulatory measures and export controls apply to high-bandwidth AI memory chips, software for chip design and development, as
After the ruthless mid-week bloodbath at the stock market that had sent the index in deep red, the bulls drove out bears to stage a partial recovery in the last session on renewed buying interest at an attractive valuation, but the market remained in the negative zone in the outgoing week. The three-day steep correction post-State Bank of Pakistan’s (SBP) policy rate cut kept the benchmark KSE
The West appears to be mounting pressure on Pakistan, which is striving to set its economy on a growth path after achieving relative financial stability. Could the ultimate goal be to compel the Government of Pakistan to revisit its relations with China, particularly in the context of the China-Pakistan Economic Corridor (CPEC)? In addition to a subdued yet persistent media campaign aimed at