Pakistan’s external debt has burgeoned into a formidable economic challenge, posing significant hurdles to its sustainable development and fiscal stability. As the nation grapples with the burden of mounting debt, there arises a pressing need to critically assess the feasibility of repayment from conventional revenue streams. This article elucidates the complexities surrounding Pakistan’s exter
The China-Pakistan Economic Corridor (CPEC) stands as a testament to the evolving landscape of international trade and economic cooperation. Spanning infrastructure projects, energy ventures, and economic zones, CPEC aims to bolster connectivity and development between China and Pakistan, while also potentially benefiting neighbouring regions. It is predicted that CPEC will result in the creati
Fiscal policy in Pakistan is usually far from a fine balancing act and is more of a reckless feat. It has long been marked by a contentious debate between austerity and stimulus measures – with the government oscillating between these two approaches, often thoughtlessly. Thanks to these policies, the past three years have been marked by high interest rates – a result of the State Bank of Pakist
As Pakistan faces mounting economic challenges, the government’s ambitious proposal to raise Rs1.2 trillion to Rs1.3tr in the upcoming budget through new taxation measures signals a bold attempt to stabilise the nation’s fiscal health. However, the effectiveness of these measures is tempered by the inherent weaknesses in Pakistan’s tax system, which is fragmented and unfair and leaves entire se
THE upcoming budget presents challenges for the fragile federal coalition government. The 10-day IMF mission visit concludes with a focus on increasing revenue collection and reform demands. Undoubtedly, reforms are important, but the lender’s primary focus is increasing revenue through existing and new tax initiatives in the upcoming budget. However, the IMF delegation left without a final dec