Economy Needs Trade, Not Just Taxes
Whenever the IMF pressures Pakistan to increase tax revenues, the most convenient method for the government is to impose higher taxes on imports. However, a well-established economic principle states that higher import duties act as a tax on exports.
Industrial Journey: Lost Potential and Lessons for Future
The state’s appetite for assimilating private businesses was evident as early as 1956 when parliament passed a law to take over Orient Airways, renaming it Pakistan International Airlines (PIA).
Government Failure: Causes
Professor: I have many talents, but going back on my words is not one of them. Hence, there is no chance of me forming a government in Pakistan, even if it were miraculously offered to me.
Tax-Fueled Chaos
The government of Pakistan is in the business of buying, selling, and losing trillions of rupees fast and burdening the citizens with ever higher taxes. The government of Pakistan is in the business of buying and selling electricity. It has so far lost Rs2.4 trillion in this business. The government of Pakistan is in the […]
Why Taxes are not a Political Issue in Pakistan?
All the politics is about collecting and spending taxes; but unfortunately, that reality does not translate into political issues in Pakistan. What it translates into is power-politics pure and simple! See the arrogant issueless politics of Pakistan Tehreek-e-Insaf; see the pseudo-development politics of Pakistan Muslim League (N); see the outdated Roti-Kapra-Makaan politics of Pakistan Peoples […]
Thriving Through Trade
Chowdhury Bashir Arain, a trader from Khairpur, exports over 99 per cent of his dried dates to India via Dubai. Delivery takes up to 40 days. The long-winded route for Pakistani chhuaras to India via Dubai started in February 2019 after the Pulwama attack, following which India suspended trade with Pakistan, revoking its Most Favoured […]