New Delhi, June 12 (IANS) Cracks have started appearing in the edifice that is the hybrid plus regime running Pakistan these days, as per an article in the local media.The hunger for revenues and foreign exchange is rising while the economy remains stuck in a low-growth phase. And now that hunger has reached the halls of politics and tested the coalition upon which the government’s majority in parliament stands, the article in the Dawn said.The run-up to this budget now sees peak stability rub…
Latest National Economic Council News & Updates
Washington, May 1 (IANS) US President Donald Trump signed an executive order aimed at expanding access to retirement savings accounts for millions of Americans, particularly low-income workers and those without employer-sponsored plans.Calling it a “historic executive order,” Trump said the initiative would allow Americans to access retirement accounts similar to those available to federal employees.“This afternoon, I’m thrilled to sign a historic executive order expanding access to high-q…
New Delhi/ Dhaka, Jan 29 (IANS) Bangladesh’s National Economic Council (NEC) has significantly downsized the health and education sector in the Annual Development Programme (ADP), according to a media report.In the tradition of reviewing the performance of the Annual Development Programme (ADP) at the mid-point of each fiscal year, the NEC downsized the ADP by about 12.5 per cent, to 208,935 crore taka (3.3 per cent of GDP) from its original budget allocation of 230,000 crore taka (3.7 per cen…
New Delhi, Jan 11 (IANS) The International Monetary Fund (IMF) and Pakistan’s Federal Board of Revenue (FBR) have ignored proposals outlined in Tax Reforms: Agenda for Self-Sustainability, which demonstrates the potential to collect Rs 30 trillion at the federal level alone, enabling Pakistan to overcome its monstrous fiscal deficit, eliminate dependence on fresh loans, achieve rapid economic growth, and provide social services to all citizens, according to an article in Lahore-based Friday Ti…