Stories from Creative Jamal Khurshid
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Development programmes: A fourth of govt spending hinges on foreign support
A quarter of public sector financing will come from foreign lenders.
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Revenue-expenditures gap: Widening budget deficit poses challenges for new govt
Government’s overspending surpasses 5.6% of national output.
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Post-election policy shift: FBR seeks to revive excise duty regime
Wants to halt the process of phasing out excise duties, impose it on two dozen goods and services.
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Power subsidy: New govt to bear extra Rs200b
Law ministry says tariff cannot be increased retrospectively.
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Credibility crisis?: PPP govt fails miserably in securing enough foreign funding
Less than half of budgeted estimates of foreign loans and assistance actually realised.
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New taxes likely after FBR misses revenue targets
Govt is scrambling to raise the tax-to-GDP ratio to a respectable level.
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Energy: Left-right political divide most evident in energy reform ideas
Parties agree on the diagnosis of the problem, but differ sharply on solutions.
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Reducing regulatory hurdles: Liberalising trade a low priority for most
Making life easier for businesses gets a mention in manifestos, but not much detail.
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Improving government efficiency: Local govt autonomy gets lip-service from politicians
Regional parties emphasise provincial autonomy.
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Fiscal responsibility: All parties want to raise taxes, none wants to say how
PPP has best revenue collection plan.
