Pak Affairs

Dealing with Sales Tax Fraud, An imperative to raise the tax revenues

Dealing with sales tax fraud

Value-added Tax (VAT)/General Sales Tax (GST) frauds are rife in developing as well as advanced economies using VAT/GST system for raising indirect tax revenues. Perhaps, susceptibility of VAT/GST to frequent frauds as a weakness has emerged as the most-debated issue in the recent past. In Pakistan, GST fraud is no less than a daunting challenge for the Inland Revenue tax …

Read More »

Revisiting Our Social Contract

Revisiting Social Contract

The total fiasco of the existing order implicates the drawing up of a new “Social Contract” in Pakistan to guarantee the provision of the inviolable human rights in letter and spirit. The theory of social contract first appeared during the 17th century when England, or to be more general, Europe was faced with the crisis of legitimacy of government to …

Read More »

ENERGY CRISIS, A perpetual dilemma for Pakistan

energy crisis in Pakistan

Energy crisis is perhaps the biggest problem Pakistan faces today. Over the years, lack of accountability and myopic government policies have been the reasons due to which not only does Pakistan suffer hours-long load-shedding, but the soaring petroleum prices have also curtailed its usage as an alternative source of energy. Consequently, the demand for electricity far outweighs its supply. Recently, …

Read More »

Punjab Budget 2016-17 A policy win?

Punjab Budget 2016-A policy

For long, the trickle-down theory has held its appeal for the economists around the world with the countries adopting policy instruments that were generally favourable to big businesses and wealthy elite. The idea governing the preference for this model has been a single-minded focus on achieving growth at any cost; secure in the belief that it will automatically lead to …

Read More »

Pakistan in the New Great Game

Pakistan in the New Great Game

The New Great Game, the term introduced by renowned columnist and political analyst Ahmed Rashid in the 1990s, basically revolves around the energy politics in Central Asia being played by some emerging powers. Pakistan’s exceptional geo-strategic location and geo-economic position endow the country with ample opportunities to play a decisive role in the New Great Game because the country is …

Read More »

From Funerals to Freedom for Kashmir, Undoing the ‘Great Indian Democracy’

From funerals to freedom for Kashmir

What is the difference between a funeral and a demonstration? In Kashmir, there is none. The recent killing of more than 30 civilian protestors by the brute Indian armed forces shows that in Kashmir, every funeral is a demonstration and every demonstration a funeral. Every time people gather in protest against the Indian state — which claims the territory of …

Read More »

Reforming the Reform in the Judicature of Pakistan

Reforming the Reform in the Judicatue of Pakistan

Introduction Part VII of the Constitution of Pakistan, 1973, deals with the judicature of Pakistan. More often than not, the words ‘judicature’ and ‘judiciary’ are interchangeably used in Pakistan; these are, however, different. Black’s Law Dictionary, one of the most revered resources of the Common Law, differentiates the two as: a.    “Judicature: the action of judging or of administering justice …

Read More »

Pakistan Economic Survey 2015-16, A Sad Tale of Missed Targets

Pakistan Economic Survey 2015-16

Summary The incumbent government’s economic team has failed to achieve GDP growth target for the third consecutive year as overall key targets set for 2015-16 were missed by 0.8 percent due to poor performance of agriculture sector, Large Scale Manufacturing (LSM), food products, engineering products, transport and communication etc. Major achievements of the FY 2015-16 include: picking up economic growth, …

Read More »

Evaluating the Federal BUDGET 2016-17, A package for consolidating macroeconomic fundamentals

federal budget

The federal budget for FY 2016-17, which was presented by Finance Minister Ishaq Dar on June 3, seems to be a continuation of the status quo with respect to the overall policy reform. However, by and large, it is a good one in the current pressing and depressing economic environment of the country. With a focus on growth and consolidation …

Read More »