FINANCE Minister Ishaq Dar seems to have run out of steam ever since he returned from Washington. His aggressive approach towards the economy and the exchange rate is absent. He is no longer talking about bringing the dollar down to below Rs200, and the “befitting response” promised to Moody’s after it downgraded Pakistan’s rating, has yet to materialise. All of this only suggests that the e
Is “Daronomics” or economic policies followed by our Finance Minister Ishaq Dar good or bad for our economy? Most commentators give a “yes” or “no” answer. However, this response is generally not based on objective criteria but on political partiality. This article presents a four-year comparison of three key economic indicators during the three previous governments. It also suggests the way forwa
The removal of Pakistan from the grey list of the Financial Action Task Force (FATF) will boost the economy by attracting foreign direct investment as well as address the liquidity issues faced by Islamabad, said the business community on Sunday. As it hailed the decision of the terror financing watchdog, business leaders said the FATF exit will restore the confidence of international financial
The government has dismissed an IT industry’s demand for waiving a ‘negligible’ tax on its services to support the sector’s faltering exports but agreed to provide maximum facilitation, including exemption from audit by the tax authorities. Presiding over a meeting of the IT sector on Sunday, Finance Minister Ishaq Dar observed that the effective tax rate on the sector was about 0.25 per cent,
The Federal Board of Revenue (FBR) has allowed the cross-stuffing of goods from one container to another container or any other mode of transportation under the Afghan Transit Trade Agreement (ATTA) and TIR Convention. An SRO1908 of 2022 was released on Monday by amending the customs rules to allow the facility for a smooth movement of transit cargo. The cross-stuffing of containerised cargo