On June 05, the federal minister for finance, Mr Ishaq Dar, presented the federal budget for the fiscal year 2015-16 with a total outlay of 4,451 billion. This size is 3.5% higher than that of budget estimates 2014-15. According to the official budget document, the resource availability has been estimated at Rs. 4.168 trillion against Rs.4,073.8 billion in the budget …

The targeted economic growth for the outgoing year was missed by a long shot. Last year, Finance Minister Ishaq Dar announced a target of five percent GDP growth but the tally could only muster up 4.24 percent. The performance of the agriculture and manufacturing sectors is more revealing of why targeted growth was not achieved. Agriculture comprises 20.9 percent of …

An important prerequisite for effective functioning of the federal structure is the framework of distribution of fiscal powers and the manner in which the revenues are collected and distributed between the federation and the provinces. Revenue distribution, thus, is an extremely sensitive and critical factor for the long-term sustainability of Pakistan. However, this has always remained a thorny affair as …

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The year 2014 has been a period of tumult as well as great gains in the realm of foreign policy. Pakistan’s relations with its neighbours except India and other superpowers improved a lot during this year. Pakistan, keeping in view its geostrategic position and econo-political conditions in present times, needs to enhance its bilateral relations with other countries. The association …