Pakistan has a fiscal problem, and the problem cannot be fixed by increasing tax rates. We have reached the point of the cycle where increasing tax rates is counter-intuitive, catalyses an informal economy, and discourages the formation of capital and economic activity within the formal realm. Pakistan has one of the highest corporate tax rates in the world while also having one of the highest
The growth of the agriculture sector largely depends on crop yield improvements, which are influenced by several factors. Among these, the nationwide availability of, and farmers’ access to high-yielding, climate-resilient seeds stands out as the most critical determinant of yield, assuming all other conditions remain constant. History bears this out. The real driving force behind the Green Rev
Venture capital is starting to trickle back into Pakistan. In the latest round, Mobility startup BusCaro raised $2 million last week, bringing its total funding to $3.5m. The round was led by UAE-based Daman Investments, with participation from US/Saudi Cartography Capital, New York’s Epic Angest, UK’s Wahed Ventures, the Aga Khan Development Network’s Accelerate Prosperity, and a mix of angel
With the spotlight turning away from the unilateral US tariffs and onto the future of TikTok in America, China seems to have dominated the latest round of the ongoing trade talks with Washington. At the conclusion of the Madrid round last week, both China and the US said they had reached a basic framework consensus on resolving the TikTok dispute, alongside commitments to reduce investment barr
After many years, Pakistan will begin the upcoming Rabi season with healthy carryover water storage of more than 13 million acre feet (MAF) in reservoirs, which may partially offset agriculture output losses caused by floods in the outgoing Kharif season. “We expect water situation in Rabi season to be normal after many years”, said an official, adding that any shortage “will be minimal, bearab