@SaleemFarrukh in dollar terms, 2005-6, tax collection used to be 14% of gdp, now it has come down to 10% of documented gdp, which has reached 450 billion usd.
@SaleemFarrukh in dollar terms, 2005-6, tax collection used to be 14% of gdp, now it has come down to 10% of documented gdp, which has reached 450 billion usd.
On the whole, FY27 Budget deserves appreciation
Given the economic constraints, govt and finance team have presented a largely positive budget under direction of the PM
Relief for the salaried class, reduction of super tax, incentives for housing and construction, FBR reforms through digitisation, faceless assessments and improved audit systems are all welcome steps. Govt's cautious 4% growth target reflects fiscal prudence
That said, exporters and manufacturing will remain under pressure from high energy costs, fuel levies, high taxation and competitiveness gaps. Expanding the tax base substantially this year is critical so that greater incentives for productive sectors and export-led growth can be provided in the next budget
@PakPMO@CMShehbaz@Financegovpk@betterpakistan@jam_kamal@BilalAKayani@TararAttaullah@FBRSpokesperson@mincompk@kschehzad
In May 2026, workers’ remittances recorded an inflow of US$ 4.3 billion showing 20.2 percent increase on m/m and 15.4 percent increase on y/y basis.
https://t.co/7PckFCqSff
#SBPRemittances
dollars will be tight again,
same strategy
has to be applied,
just like in recent past years of 2023 '24.
without any delay,
rs value has to be protected at any cost otherwise present inflation of 14% yoy can go upto 25% by dec 2026.
@StateBank_Pak#pakistan
Pakistan's Business Confidence Index has FALLEN from a miserable 22% to an even more miserable 13%.
PAK'S ECONOMY IS ON THE VERGE OF COLLAPSE.
FREE IMRAN KHAN.
What is Israel's strategy?
◾️ Iran not defeated
◾️ Hamas not defeated
◾️ Hezbollah not defeated
◾️ Israel despised across the globe
◾️ U.S. views of Israel in freefall
◾️ Mass youth shift in favor of Palestinians
◾️ Israeli leaders wanted for genocide
◾️ Unimaginable suffering in West Asia
◾️ Vaunted 'Western values' in tatters
◾️ International norms obliterated
◾️ Human rights set back centuries
◾️ Judaism conflated with barbarism
◾️ Israelis seen as worse than Nazis
◾️ Term "antisemitism" mangled
◾️ AIPAC considered a toxic influence
◾️ "America First" seen as a farce
Dropping more bombs on civilians, starving children, smashing Christian symbols, brutalizing detainees, erasing villages, and spending billions on propaganda cannot undo the colossal damage done. So again, what is Israel's strategy??
its high time that super powers and the civilised countries should stop thinking about themselves.
it should be the "world first" ,
rather than the country.
#world#Pakistan
Mark I Haq May 2025 was a proud day for the people of 🇵🇰, but the 2026 round of you scratch my back and I’ll scratch yours , we can’t do any thing wrong and the people can go to hell , be it energy prices , rising food inflation, jobless graduates , children out of school and more falling out because they need to labour to make ends meet , … all of it is suppose to be shushed …. The media is so busy competing who chest thumps more and louder that the plight of the people is a non issue …. The Elite capture is complete .It was always suffocating, it’s strangulating 🇵🇰 now … but then who cares . We are so many a few more could die , disappear whatever … 🇵🇰Zindabad
The biggest problem with the NFC award (which once you include AJK and GB and other payments comes to 62% of the divisible pool) is that as you try to address the federal deficit, who enrich the provinces and impoverish the people even more.
For example, to finance a deficit of Rs 10, the federal government has to impose additional taxes on citizens of Rs 25, and give extra Rs 15 (or 60% of taxes) to the provinces, which are already in surplus. This extra Rs 15 then enables provinces to buy private jets, escalate the price of pipeline and road projects and have their leaders build palaces outside Pakistan. And the people of Pakistan have to pay 18% tax on soap, packaged milk, clothing, pencils and edible oil and are getting poorer due to heavy taxation.