US
Economic liberalisation, rising incomes stimulate Delhi’s rapid growth
Report shows gap to remain at 7.4% of GDP, nearly Rs1tr above deficit limit
Economic Survey predicts inflation to come down to 12.2% from 26% by next fiscal year
Rationalising taxation laws and broadening tax base should be priorities
Hopes to collaborate with US in areas of family planning, nutrition, diabetes among others
While digitalisation is imperative across all depts, it is most critical for FBR
It will generate more revenue, raise tax-to-GDP ratio
There is also a proposal to gradually increase excise duty on luxury items produced in Pakistan
Policymakers must overhaul strategy as it lacks innovation, pro-competitive forces
Pakistan needs pro-growth policies such as tax cuts, freer trade, minimal regulations