The Agency officially announced that the US economy is sick, and sick seriously. The last month was not good for already stumbling US economy that received another blow from the leading credit rating agency Standard and Poor (S&P) which down-graded its credit rating from AAA to AA+. The S&P almost first time since its existence lowered long-term outlook on the …

The budget brings now fear of the expected inflation and new taxes on different goods and service. The budget in Pakistan is an important event because it alters the economic outlook for the common man. Government steps especially subsidies, tax breaks and employment and income generating schemes bring positive change in their living standard. While withdrawal of subsidies, increase in …

Cut in rate of GST by one per cent: 15 per cent increase in govt employees’ salary: budget fails to address structural weakness of economy. Finance Minister, Dr Hafeez Sheikh presented the federal budget for fiscal year 2011-12 in the National Assembly amidst sloganeering from the opposition benches. A budget which envisages containing fiscal deficit at four per cent, numerous …

The democratic governments in two countries provide a window of opportunity for stronger trade ties. As indicated by empirical studies, the potential for trade between the two countries is huge, but there are certain factors hampering the growth of trade. Pakistan and India have attracted considerable international attention due to their unique political, economic and security relations in South Asia. …

High inflation has badly hit the rich and the poor alike, but the poverty stricken class is the worst target. Inflation discourages savings by reducing the real rate of return on financial assets leading to lower investment and growth. Inflation is defined as the persistent rise in the general price level. A number of theories explain the causes of inflation. …

The RGST is an economic issue and needs to be seen from that angle rather than the political one. Pakistan needs to reform its existing sales tax system due to its inability to increase the tax base as well as tax revenues. The proposed Reformed General Sales Tax (RGST) is a broad based modern form of sales tax imposed on …