There has been persistent pressure on successive Pakistani Governments by policymakers, especially those affiliated with multilateral donor agencies, to increase the Percentage Tax-to-GDP ratio. It is true, that the fiscal deficit continues to increase. However, the assumption that it is a tax shortfall that grows the deficit needs to be challenged. Haque (2020 & 2022) …
Background Despite experiencing extreme economic and political instability, Pakistan has still been unable to break with the ramshackle of its unstable development enigma. Pakistan’s economic indicators over the last seventy-two years have fluctuated widely: the sixties, the eighties, and a significant part of the 2000s registered high growth episodes (over 6.0 per cent), with low …
Real estate has become everybody’s favourite whipping boy, regarded as a parking place for black money and a playground for the qabza mafia with little or no knowledge on the subject. It is seen as a Ponzi scheme that markets have created. Yet when you begin to understand the problem, we see it is a …
Is Work Only Meetings?[1] Every day, newspapers show pictures of meetings. Pictures orchestrated in the ministry of information, taken in the first few minutes of the meeting, contrived to show leaders hard at work. When you call a minister, the usual response, in a somber, grave and responsible tone, is, “can’t talk right now; there …
QUESTION 1: How do you define the real estate industry? Is there a difference between the construction sector and the real estate industry?Real estate is by definition land that has been developed, land that has created value attached to it. Land is available all over the world but it does not automatically become ‘real estate’. …
WHAT IS SLUDGE IN THE ECONOMY? Social scientists use the term sludge for excessive or unjustified frictions that make it difficult for people to achieve what they want to or to do as they wish (Sunstein, 2021). These frictions make processes difficult to navigate and entail burdens.Examples of the sludge include: Complicated application forms. Duplicative …
OPPORTUNITY TO EXCEL: NOW AND THE FUTURE Availability of opportunities implies that people have a range of life options, * specifically economic, to pick from, and have a realistic chance to adopt what they want to do and succeed in it. For Pakistan, where nearly sixty percent of the population is aged under 30 years, …
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