The Zainab Alert, Response and Recovery Act, 2020 Introduction A new law is in the making. On 10th of January 2020, the National Assembly passed ‘The Zainab Alert, Response and Recovery Act, 2020’. It is likely to be passed from the Senate, and will ultimately get its assent from the President before it becomes the law check. The said law …

Policy to bridge the Sales TAX Gap  Sales tax is the most significant source of Pakistan’s budgetary revenue. In 2017-18, total sales tax collection on goods and services was Rs. 1,715 billion. However, the sales tax gap, which is the difference between the actual tax collection and the amount that would have been collected if every taxpayer was fully compliant, …

Reflections on Pakistan’s Economy  in the middle of the last year, Pakistan entered into a $6bn bailout arrangement with International Monetary Fund (IMF) under a 39-month Extended Fund Facility (EFF). This was the twenty-first loan that Pakistan sought from IMF to shore up its dwindling reserves, and to avoid an economic crunch. The state of Pakistan’s economy has been in …

Importance and future prospects of Gwadar port  The pragmatic facets like geography and history have always imprinted the demographic mosaic and development of a civilisation. The civilisations have always developed along the waters. The waters have been used as trade route since long, and the modern trade has further enhanced the need of trade through waters. Pakistan being a gateway …

Merger of FATA with Khyber Pakhtunkhwa  On May 31, 2018, Pakistan’s Federally Administered Tribal Areas, or FATA, formally ceased to exist. Home to five million people, and covering more than 27,000 square kilometres, these tribal districts have attracted enormous international attention in the last two decades due to their shared border with war-torn Afghanistan. The Government of Pakistan has now …

How to Overcome Hurdles to CPEC first, Pakistan is hobbled by a high fiscal and current account deficit, a large foreign debt and a resulting heavy debt repayment burden. Its ability to provide support funds for CPEC has lost to a great extent, and there is large financial pressure to expand infrastructure construction. IMF loans come with conditions and Pakistan …

How to Address Gender Disparities?  Indices are like black boxes. Before looking for the reasons behind Pakistan’s dismal performance on gender parity front, it would be enlightening to peep into various components of the Global Gender Gap Index. The Index examines the gap between men and women across four fundamental categories: economic participation and opportunity, educational attainment, health and survival, …

CPEC LINKAGES OF PEACE & PROSPERITY We should be thankful to US Assistant Secretary of State, Alice Wells, for at least showing some concern about Pakistan’s interests. She is worried that China is not sincere with Pakistan and its CPEC projects with Pakistan are not an aid but rather a form of loans that ensured guaranteed profits for state-owned Chinese …

US-CHINA TRADE DEAL After nearly two years’ trade talks, the world’s two dominant economic powers, the United States and China, have signed an initial trade deal that will roll back some tariffs and boost Chinese purchases of US goods and services. Through the “Phase One” deal, which was signed in Washington on January 15, the Trump administration aims to resolve …