PTI GOVERNMENT FACES UPHILL TASK, Passage of budget becomes challenge with more dissenting voices

KARACHI: The passage of budget is becoming a nightmare for the Pakistan Tehrik-e-Insaaf (PTI) government as more allies are showing discord with the major coalition partner. Prime Minister Imran Khan’s unusual speech at the floor of National Assembly on Thursday with a reconciliatory and explanatory tone make many believe that… Continue reading

Federal Budget 2020-2021

Federal Budget 2020-2021 is the most unrealistic document based on pure assumptions, without any calculation or working which can be authenticated or legitimized. It seems as it was necessary to present the budget every year, so they did it. Not taking into account the extreme uncertainty caused globally by the… Continue reading

‘’MEMBERS OF PSX STOCKBROKERS ASSOCIATION AND CAPITAL MARKET PARTICIPANTS ARE DISAPPOINTED WTH THE FEDERAL BUDGET 2020-21’’

Karachi: Members of PSX Stockbrokers Association (PSA) and other participants of Capital Market are dismayed over the neglect of the Capital Market by the Federal Government in the budget for FY 2020-2021. Exorbitant rates of capital gain tax (CGT), absence of distinction between short term gains and gains on long… Continue reading

MEMBERS OF PSX STOCKBROKERS ASSOCIATION AND CAPITAL MARKET PARTICIPANTS ARE DISAPPOINTED WTH THE FEDERAL BUDGET 2020-21’’

Karachi: Members of PSX Stockbrokers Association (PSA) and other participants of Capital Market are dismayed over the neglect of the Capital Market by the Federal Government in the budget for FY 2020-2021. Exorbitant rates of capital gain tax (CGT), absence of distinction between short term gains and gains on long… Continue reading

Corona sharpens budget, shrunken receipts, shrunken tax targets, disappointing for govt employees, masses

KARACHI. COVID 19 or Corona pandemic has hit the Pakistan,s economy hard like other countries of the world leading to a shrunken economy, shrunken receipts, shrunken tax targets and no relief to millions of government employees and disappointing or no measures for small businesses.  Laying a 7.137 trillion budget with… Continue reading

Federal budget doesn’t bring smile on most faces; mini budget shortly

KARACHI: The budget comes sans any incentive to spur industrial growth, which is going south fast. Government should have restored the widely demanded ‘no tax no refund regime. Perhaps, IMF didn’t approve of it. A directionless budget, since it is not a revenue oriented budget, and yet there is no… Continue reading