If panic buying is controlled, then rupee will easily appreciate by Rs25-50

Tax system is state extraction mechanism with large efficiency losses, narrow base and minimal compliance

Revenue mobilisation system needs paradigm shift to real-time data integration

Govt fails to address issues of excessive spending, narrow industrial base

Almost zero growth, 30% inflation present classic picture of stagflation

Last 13 years worst for economy as tug of war continues among power holding elite

Pakistan is a country where ratio of taxes to size of economy remains quite low

True potential of sales tax is at least double the amount collected last fiscal year

Skewed tax system is not likely to work but change will require a lot of effort

Had country been reliant on its own resources, it could have avoided sharp deficit