Based on the mileage it is mandatory for the sake of safety to change the tyres of 800cc car every three years, let alone a sedan or SUV. Four new tyres for a sedan would cost over Rs 65000/- (sixty five thousand rupees) every three years. Cost of tyres for SUV is gigantic. One could have a notion of the enormity of the tyre-business in Pakistan. It is surely a …
Read More »Is there any incentive for investment?
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 …
Read More »No incentive for saving
Pakistan is among world’s those countries which have the lowest savings to GDP ratio, which is mainly because of poor purchasing power. Nearly one-third of total population lives below poverty line. Over the last ten years the gap between rich and poor has widened. Thanks to money whitening policies introduced with regular interval that encourages people to conceal their income. There exists huge undocumented economy and its estimates vary …
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