Pakistan’s capacity to mobilise taxes is greatly under-explored
Legislation passed by majority vote amid opposition’s reservations
Avoiding economic contraction will be quite challenging for government
The twin monsters of trade and fiscal deficit appear to have been largely reined in
Says difficult decisions taken by government are now showing results
Just as a high fiscal deficit is not necessarily bad, a low fiscal deficit is not necessarily good
Govt orders strict action against vehicles of tax defaulters
Higher revenues and expenditure control will allow the Spanish government to reduce fiscal deficit
Economy suffers on multiple fronts due to low revenue
18th Amendment, 7th NFC sow seeds of perpetual fiscal imbalance