By Nick Dearden/ David Cameron’s take on the Transatlantic Trade and Investment Partnership (TTIP), the biggest trade deal in history, which is being negotiated in Brussels this week between US and EU representatives. TTIP is one of Cameron’s main objectives …
Read More »Why Pakistan must bother Tax Justice?
By Abdul Khaliq/ The link between taxation and development is fundamental. A functioning state that can meet the basic needs Citizens for Tax Justice in Pakistan The link between taxation and development is fundamental. A functioning state that can meet …
Read More »$1.6b Chinese loan for metro train project in Lahore
LAHORE:  (Daily Dawn/4 March 2014) China has agreed to give $1.6 billion loan to Pakistan under Preferential Buyers` Credit (PBC) scheme for launching metro train project in Lahore. Dawn has learnt that the Chinese prime minister in a recent meeting with …
Read More »Pakistan Debt Policy 2014
Recording the public debt-to-GDP ratio at 62.7 per cent by the end of fiscal year 2012-13, the `Debt Policy Statement 2013-14` released by the Ministry of Finance on Monday suggests the government to adopt an integrated approach for economic revival …
Read More »Pakistan – A case of tax revolt!
It is a troubling fact that the ranks of taxpaying people in Pakistan seem to be shrinking every year. Statistics show that1.44m people filed their returns in 2011. But in 2013 there were only about 840,000 taxpayers whom the FBR …
Read More »$6.5 billion China loan for Pakistan N-plants
Pakistan has signed a $6.5 billion `concessionary loan` agreement with China for projects under civil nuclear cooperation, including development of two power plants near Karachi of 2,200MW, Prime Minister Nawaz Sharif said `This is a very big loan that China …
Read More »Foreign Debt, Barrier to Development: press conference
Special Correspondent, London (Tuesday, 05 November, 2013) It is essential for progress and prosperity of the country that Pakistan must get rid of all loans which it has borrowed from IMF and other similar agencies. A large chunk of Pakistan’s …
Read More »Back to the IMF: Tough days ahead for Pakistan
THE inevitable has to happen. When? It may happen next month, or take another couple of months. The Nawaz Sharif government has to knock at the IMF’s doors to obtain another loan to pay back in the next 12 months …
Read More »The debts taken in our name
(By Najma Sadeque) Why does Pakistan routinely consider IMF-style austerity which decision-makers and well-off don’t suffer? Because, as well known, those with ulterior motives don’t have to repay. Mostly the hapless taxpayers do. Every time another loan is taken, it …
Read More »Pakistan suffers $100bn losses in ‘war on terror’
The government of pakistan is making efforts to calculate latest estimates of losses borne by Pakistan in the last 12 years after becoming an ally of US-led war on terrorism since 9/11 2001.These mind-boggling figures, which are in the process …
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