Amid the rupee strengthening and the government’s intention to bring down the dollar rate to Rs250-260 soon, the country’s auto assemblers appear a bit reluctant to pass on the benefit of the currency appreciation to the consumers. When Dawn contacted assemblers to take their viewpoint regarding any chance of price drop in locally assembled vehicles, their quick answer was “No.” Consumers wi
Slow pace of work on arrests of the power pilferers is affecting recovery of the fines in the wake of units charged and other issues in the operations continued nationwide these days. On the other hand, the power distribution companies (Discos) in Punjab continue to take lead in respect of raids, registration of cases, arrests, recovery etc across the country, Dawn has learnt. “Everything, e
Stefan Dercon, professor of Economic Policy at Oxford University, has said that Pakistan’s economic status quo is ‘untenable’ and even elites are losing because of it. Talking to journalists on Friday, Prof Dercon expressed his views on the “elite bargain” and Pakistan’s economic policies. Discussing the economics of elite bargain, he said low tax collection, high subsidies, low savings, and
Highlighting ‘incomplete devolution’ and institutional weaknesses as key development and governance challenges and pinning little hopes on technocratic government, the World Bank has advised Pakistan to create a ‘National Council of Ministers’ — comprising key federal and provincial representatives — to fill the vacuum for simultaneous and coordinated strengthening of poorly performing federal a
After the failure of the Track and Trace System (TTS) launched in 2021, the Federal Board of Revenue has rolled out a new software-based sales tracking system to monitor the movement of sugar from mills to the consumer market to control tax evasion in the industry. The FBR is currently in the testing phase of the cutting-edge software named the “Sales Tracking System” and the official launc