New Delhi, Feb 22 (IANS) Pakistan’s successive governments, both civil and military, have been imposing higher and regressive taxes, pushing the overwhelming majority of citizens towards an unbearably high cost of living, and adding insult to injury, the state provides nothing in terms of welfare and has total apathy towards the economically vulnerable segments of society, an article in the Pakistani media said.Pakistan’s fiscal crisis is not simply about deficits and numbers. It is about a …
Latest Pakistan Business Forum News & Updates
New Delhi, Feb 19 (IANS) Pakistan’s struggling growth story may not be about weak productivity or lack of innovation, but about the high cost of doing business created by state policies, according to a recent private sector analysis reported by Nikkei Asia.The report, based on a study conducted by the Pakistan Business Forum (PBF), cited by The News International, found that operating a business in Pakistan is 34 per cent more expensive than in comparable South Asian economies.Business leaders…
New Delhi, Feb 3 (IANS) The Pakistan Business Forum (PBF) has assessed the cost of doing business in the country to be around 34 per cent higher than in comparable regional economies, which means Pakistani exporters are losing price competitiveness in international markets that determine survival, according to an article in the Pakistani media.For an economy that is trying desperately to pivot to export-generated growth, employment and foreign exchange, this disadvantage is simply unsustainable….