The path forward is challenging but the country can navigate its way towards long-term economic prosperity
The cautious approach adopted by the government over the past 18 to 24 months has allowed Pakistan to navigate through a critical phase of its economy
Pakistan’s recent economic performance has promising signs of improvement
Pakistan should prioritise investing in technological innovation and infrastructure development to stimulate economic growth
Pakistan should focus on simplifying regulatory frameworks, boosting public sector efficiency and tackling corruption
Improvements in inflation and interest rates have come at a crucial time
The Centre is unwilling to federalise the tax policy and tax administration
Daunting challenges require a frank appraisal of systems and ruthless reform
Taxation in Pakistan is widely seen as anti-people, anti-business and anti-growth
The budget is no more than a customary allocation of funds to various sectors
The budget claims to be business- and individual-friendly, but the reality is quite the contrary
Reducing the fiscal deficit is not just a matter of economic policy; it is a necessity to ensure long-term financial stability
FBR’s transition into a semi-autonomous body is essential to its ability to strategise, plan and execute revenue mobilisation
Collaboration between governments, central bank and regulatory authorities is essential for implementing policies to address inflationary challenges
Reducing public debt through prudent fiscal management is essential to enhance economic stability and attract investment
By prioritising sound monetary policies and cultivating an enabling business environment, Pakistan can unleash its full economic potential
Pakistan needs to transform its taxation. The focus should be on documenting the economy
As inevitable engagement with the IMF looms, the new government must devise a strategy to implement agreed-upon reforms
Dependence on coalition partners could weaken the government’s ability to formulate and implement cohesive policies
Political parties must embrace their role as vigilant watchdogs, ensuring accountability and transparency in governance
