urooj Aijaz
February 22, 2021
Miscelleneous
267
In the current world of globalization markets and their economies leading from the front and every activity of residents of any nation are measured economically. In past most of the people used to utilize their leisure hours (entertainment) in watching sports which was quite casual and relaxed but today’s sport is often organized, mechanized, marketed, and administered as a business. Commercial interests influence virtually every decision in sports. Events are …
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Syed kamal Hayder Kazmi
June 29, 2020
Finance & Market
403
Sindh Budget The Sindh government presented the budget for FY2020-21 with a total outlay of Rs1.24 trillion with an estimated narrow deficit despite falling inflows from the federal divisible pool. Sources mentioned that the province is hoping to generate revenue receipts worth Rs1.22 trillion against its total expenditure. The provincial government has also not proclaimed any new taxes and envisaged a deficit of Rs18.38 billion for the upcoming fiscal year. …
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Khawaja Amer
June 29, 2020
Finance & Market
625
The budget proposals for 2020-2021, prepared by the Adviser on Finance and Revenue, Dr. Hafeez Shaikh — against the backdrop of potentially the biggest public health emergency and economic downturn in generations — and presented on the floor of the House by Minister for Industries and Production Hammad Azhar, boldly announced, “There are no new taxes in this budget.” This could be termed as an activity of an ordinary salesman …
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urooj Aijaz
June 29, 2020
Trade & Economy
510
These are extraordinary days where extraordinary steps and out of box solutions are required. Budget deficit was estimated around 7.2 percent in fiscal year 2019-20 which is around 8.9 percent; likewise budget deficit is being estimated at around 9.1 percent which will cross 10 percent when the actual numbers will be calculated in 2021. Pakistan’s public debt has risen by almost 40 percent in the past two years; from Rs. …
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Arooj Asghar
June 29, 2020
Finance & Market, Trade & Economy
473
These are extraordinary days where extraordinary steps and out of box solutions are required. Budget deficit was estimated around 7.2 percent in fiscal year 2019-20 which is around 8.9 percent; likewise budget deficit is being estimated at around 9.1 percent which will cross 10 percent when the actual numbers will be calculated in 2021. Pakistan’s public debt has risen by almost 40 percent in the past two years; from Rs. …
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Saad Anwar Hashmi
May 29, 2018
Trade & Economy
116
With announcement of the budget, it has been widely documented that inflation will be on a rise. We have already witnessed devaluation with the government resorting to the new IMF program. Dollar has crossed Rupees 100 per USD and is expected to further slide reaching Rupees 110 per USD by the close of this year, hence expected to reflect in higher prices across the board. No relief has been …
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Shabbir H. kazmi
May 7, 2018
Finance & Market, Trade & Economy
97
The current financial year (2012-13) is likely to close on a pessimistic note with: 1) looming balance of payments crisis, high budget deficit, exports proving dismal for financing imports but above all country continue to suffer from ‘trust deficit’. The conditions are marred by general elections for the time being because the caretaker government has no mandate to take some crucial decisions, including finalizing terms and conditions for the …
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Amanullah Bashar
March 27, 2018
Finance & Market, Trade & Economy
61
Unrealistic revenue targets weigh on trade and industry growth It rightly said that the budget is the most powerful fiscal instruments at the disposal of the government to implement political commitment and development agenda made public during electioneering campaigns; however the story takes a turn when a political party voted to power. Almost every democratically elected government made promises rather tall claims to take care of Public Sector Development …
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Shabbir H. kazmi
March 19, 2018
Investments/Insurance
57
Even a cursory look at the budget proposals suggest that the entire focus of the government is on revenue mobilization rather than enhancing size of GDP and accelerating growth rate. Though, the incumbent government aims to achieve a double digit growth the necessary impetus are missing, the most obvious being the proposed allocation for the public sector development program (PSDP). Historically, the successive governments in Pakistan have been making …
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Shabbir H. kazmi
March 12, 2018
Finance & Market, Trade & Economy
250
If one looks at the composition of annual budget, one point is very clear that revenue collection is barely enough to meet the current expenditure. Often, amounts are borrowed to meet the shortfall and almost the entire developmental expenditures are financed through aid, grants and softer loans acquired from multilateral financial institutions. The budget for next financial year is not likely to be very different from the previous budgets. …
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