Author: Ayaz Ali Kolachi

A common man’s perspective on the budget for the fiscal year 2024-25 The budget speech delivered by the Federal Minister for Finance and Revenue, Muhammad Aurangzeb, was received with cautious optimism and a perennial sense of pessimism among the concerned quarters. An overall view of the budget reveals that the message conveyed is simple: Not much is going to change this year either. The total outlay of the budget is a significant Rs18.9 trillion. Tax revenues placed at Rs7.2 trillion do not inspire confidence. A fiscal deficit of Rs1.8 trillion means that many sectors, including health and education, will remain…

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Need to address fundamental issues in GDP, inflation and structural reforms in fixing Pakistan’s economic woes The economic challenges that Pakistan has to contend with are part of simple economic theories. There is nothing quixotic or cryptic to them. The country looks trapped in an eternal economic spin. At least that’s what the figures loudly say. Additionally, they are interconnected with fundamental management of the economy, which have been badly messed up in Pakistan. Former prime minister Shahid Khan Abbasi recently spotlighted yawning flaws in our economic approach noting that “approaching the IMF to get a bailout package is in…

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