In comparison, he added, the tax-to-GDP ratio of both the Union government and the states is less than 15 per cent today.... The Union government should be spending on areas that are in the Union List under the seventh schedule of the Constitution, and not in areas that are in the State List, he said. Suppose there is another pandemic tomorrow, he said.... Excess capacity eases as demand improves, and then capex will also pick up, he said....

reforms to reduce the burden on provincial exchequer. Presiding over a meeting of the finance

expenditure in 2019, up by 7% from the amount spent in 2018. This is largely driven by an 18% growth in

or salary.... Without reforms, within a decade, most pensioners will not be getting a pension

Pakistan Prime Minister Shehbaz Sharif on Saturday vowed to transform the country's economic landscape as he said he has shared the broad parameters of a five-year plan with all the ministries, the state media reported.... Sharif, who earlier this month took oath as the prime minister for a second time since 2022 amidst staggering economic and security challenges, chaired a Cabinet meeting in which he shared the five-year plan with all the ministries specifying their targets, reported Radio Pak

BEIJING: China will carry out major reform measures to further stimulate growth and reduce pressure

The two sides will remain engaged over the next couple of months to address technical and procedural hiccups in aligning the four sub-federations.In earlier briefings, IMF officials admitted that the progress in collecting agricultural income tax( AIT) would be gradual.... In collective farming, farmers pool land, labour, irrigation infrastructure, agricultural inputs and harvest to overcome resource constraints and to increase their bargaining power.... Published in Dawn, The Business and Fin

KUALA LUMPUR: The government is mulling over various tax reform ideas, including the re

Planning Commission urges review of expenditure amid austerity measures？... The selection strictly

Also, the surge in onion export orders following the Indian ban has strained local supply and increased domestic prices.... At the same time, the ministry anticipated the inflation to remain at elevated levels well above 27 per cent.In agriculture, the MoF reported an uptick in the first half of the current fiscal year compared to last year as crops have performed well.... Wheat being the major crop of Rabi 2023-24 is expected to perform well as cultivation surpasses the target....