According to the international research institute Ipsos, Pakistan’s pace of socio-economic development can be significantly enhanced by reducing the loss to the national exchequer through the curbing of illicit trade.
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Rising Inflation – Life Getting Tougher
Making ends meet with rising inflation has become almost impossible for the people, especially the vulnerable society, as the prices of daily use items have reached alarmingly high levels.
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Textile – An underperformed sector
Textile, being one of the major components of the Pakistan economy, makes up around 8.5 per cent of GDP and contribute around 60 per cent to the country’s total exports.
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Subpar Quality of Tax Stamps Hinders Revenue Collection Goals of Track and Trace System
In a recent development, an inquiry committee appointed by former Prime Minister Shahbaz Sharif to oversee the implementation of the Track and Trace System (TTS) has unveiled critical shortcomings in the system’s effectiveness, particularly in four major sectors: sugar, cement, fertilizer, and tobacco.
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Pakistan Makes Hat-Trick of Petroleum Price Hike, Raises up to 21% in Just One Month
Karachi, September 16, 2023 – Pakistan non-elected caretaker government has scored a hat-trick by announcing yet another massive hike in petroleum prices. These successive increases come despite growing concerns and protests from the nation, as the government appears to disregard the economic hardships faced by its citizens.
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Unveiling the Benefits: Why Pakistan Should Demonetize the Rs 5000 Banknote
Amidst heated debates surrounding the demonetization of the Rs 5000 banknote in Pakistan, particularly in the wake of a recent fake news episode, the question of why Pakistan should consider phasing out this high-denomination currency looms large.
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Petroleum Prices in Pakistan Hit All-Time High
Karachi, September 1, 2023 – Pakistan is currently facing an unprecedented challenge as petroleum prices soar to all-time highs, marking a significant economic concern for its citizens and policymakers alike. On August 31, 2023, the caretaker government announced a substantial hike in the prices of petrol and high-speed diesel (HSD), sending shockwaves throughout the country.
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Petroleum Levy Soars to Record High Under PDM Government, Amidst Economic Challenges
In a recent revelation by Pakistan’s Ministry of Finance, the previous government, led by the Pakistan Democratic Movement (PDM), which comprised several prominent political parties, has left the nation grappling with a staggering burden of Rs 452 billion due to the imposition of a petroleum levy during the fiscal year 2022-23. This unprecedented financial load has raised concerns among citizens and policymakers alike.
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Pakistan – At Economic Crossroads
Pakistan, a nation once celebrated for its rapid economic growth between 1960 and 1990, has found itself at a critical juncture. During those prosperous decades, it boasted an annual average growth rate of approximately 6 percent, rivaling the best-performing developing nations.
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Crucial Role of Track and Trace System in Combating Illegal Cigarette Manufacturing
The Track and Trace system is undeniably vital in curbing illegal cigarette manufacturing and addressing the pressing issues associated with it in Pakistan.
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