Courtesy:- S RAHMAN Now when we see the assent accorded to the parliament-adopted Special Economic Zones Bill 2012, by President Asif Zardari who signed the Bill during a special ceremony held at the Presidency on September 10 last, we are reminded of the advanced economic initiatives undertaken by the Islamabad regime with the objective of realising the higher economic goals with international co-operation.
People, who are well aware of the special economic zones project, opine that it is a major step towards enhancing business competitiveness in the country as it would help in reducing the cost of doing business and in also minimising the cost of production. The countries that have been able to enhance business competitiveness have made tremendous economic strides in the present-day international market. Being competitive is now number one priority of advanced economies. Pakistan is doing its best and taking all practicable and speedy measures to achieve this target and create a nich…
Courtesy:- Malik M Ashraf The Transparency International in its fourth consecutive annual report has indicated fall in corruption index in Pakistan. Since 2013 corruption has declined by 19 points with biggest nosedive of nine points during 2016. According to the report Pakistan has achieved the distinction of being number two state in South Asia in regards to tackling corruption. That indeed is matter of great pride for the country as well as the incumbent government, which has made credible efforts to eliminate avenues of corruption in the higher echelons of the government and different tiers of the government machinery.
Preparing a budget and selling it to the public, more so to political opponents, is an arduous undertaking even in the most affluent and developed countries, particularly when it comes to new tax proposals and measures aimed at keeping the corporate sector in good stead to spur economic growth.
Besides generating much-needed revenue for the government, taxes also affect the people – changing their economic situation. This makes taxes an unpopular proposition. So every segment of the society tries to look at the budget from its own perspective and so there is always a mixed reaction on the budgets presented by the governments.
The exercise is even more excruciating in third world countries like Pakistan that are facing financial constraints. Therefore, not surprisingly the budget for 2017-18 presented by the PML-N government has also spurred a debate about who benefits and who loses as a result of it. The debate, however, lacks objectivity.