Currency swap facility costs Rs36.3b

Islamabad: The cost of a $4.5 billion Chinese currency swap facility for repaying debt went up by 39% to a record Rs36.3 billion in the last fiscal year, a burden that will increase further as Pakistan has requested China to aug...

Restructuring government

We continue to operate old systems of governance, with the government performing functions beyond what should be its staple role. The trend has been for structures to grow, despite many tasks having become redundant. And this, d...

11-Oct-2024 Read More

Agri taxes

It is not a good omen that reforms are once again being delayed. According to the finance minister, a new tax regime for agricultural income, agreed to by all provinces under the National Fiscal Pact in accordance with the condi...

11-Oct-2024 Read More

Fast-tracking progress on SDGs: learning from global models

Pakistan stands at a critical juncture in its journey towards achieving the Sustainable Development Goals (SDGs), a global framework set by the UN to tackle key development challenges by 2030. However, Pakistan ranks 137th out o...

11-Oct-2024 Read More

How to document traders

LAHORE: Documenting traders is the Achilles’ heel of our economy, as successive governments have lacked the will to confront a significant electorate. The state is further hindered by trade associations that vehemently oppose ...

11-Oct-2024 Read More

SBP forex reserves increase by $106m to $10.8bn

KARACHI: Pakistan’s foreign exchange reserves held by the central bank rose by $106 million to $10.808 billion in the week ending October 4, the State Bank of Pakistan (SBP) reported on Thursday. The total reserves of the c...

11-Oct-2024 Read More