Search Results for *RGST*
December 30, 2010
A Taxing Issue: Introducing the RGST to Pakistan
While most of the chambers of commerce and trade associations in the country have been opposing the Reformed General Sales Tax (RGST), which is a euphemism for Value Added Tax (VAT), big business at home is supporting it. The two…
December 14, 2017
The Rise of the TLY
[caption id="attachment_25071" align="alignnone" width="900"] Supporters of executed Islamist Mumtaz Qadri shout slogans during an anti-government protest .[/caption] Over the last two decades, Pakistan has been in the grip of militant violence perpetrated by the Tehreek-e-Taliban Pakistan (TTP) and the Lashkar-e-Jhangvi…
August 25, 2011
Obey or Depart: Being a State Bank Governor
When Shahid Kardar took over as the 16th Governor of the State Bank of Pakistan (SBP) on September 9, 2010, few in the country’s financial and economic world believed that he would be able to complete his three-year term in…
May 25, 2011
The Stalling Game
When it comes to Pakistan’s relations with the International Monetary Fund (IMF), one thing is now clear — there is no money for the country under any new or old programme until the government implements its promised reforms in which…
February 18, 2011
Deaf and Blind
For Pakistan’s financial managers, it is a race against time. With the budget deficit for the current fiscal year — July 2010 to June 2011 — likely to shoot to a staggering 8% against the targeted 4.7%, and inflation, according…
February 12, 2011
What’s Inside? It’s a Bumper Issue!
[caption id="attachment_16369" align="alignleft" width="300"] Look for this cover at newsstands across Pakistan and pick up your copy today.[/caption] The February 2011 issue of Newsline is out on newsstands across Pakistan now. Want to know what’s inside? Well, it’s packed full…
December 30, 2010
Interview: Ishrat Husain, Director of IBA and Former Governor of the SBP
“This country has always come out of economic crises — ours continues to be a very resilient economy” - Dr Ishrat Husain, Director of IBA and Former Governor of the SBP Q: Is raising the interest rate the right tool…
December 29, 2010
Tied to the Donors
Finance Minister Hafeez Shaikh is faced with a “mission impossible.” He has the arduous task of having to convince the people of Pakistan about TINA, “There Is No Alternative” to the RGST (Reformed General Sales Tax). Having tried his hand…
December 29, 2010
Package Deal
When Benazir’s government came to power in late 1988, caretaker finance minister, (late) Dr Mahbub-ul-Haq, had already negotiated a package with the IMF. With foreign exchange reserves at their lowest ever, the Benazir government had no option but to seek…
October 26, 2009
Giving Away the Family Silver
It was the sheer scale of the proposed land lease that shocked Pakistanis to attention. One million acres of Pakistani land were offered to any takers. It was immediately snapped up. The government promptly offered another six million acres. All…