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Tag Archives: revenue

Improving revenue collection

  Even a cursory look at the development of Singapore shows that the country has grown mainly by ‘living within available means’ or avoiding deficit financing. The country has also become hub of industrial and commercial activities because of very low taxes being collected from corporate entities and individuals. The added advantage is confidence in government policies, while Pakistan continues to suffer from budget deficit, trade deficit and on top …

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Current vs Development expenditure

  If one looks at the composition of annual budget, one point is very clear that revenue collection is barely enough to meet the current expenditure. Often, amounts are borrowed to meet the shortfall and almost the entire developmental expenditures are financed through aid, grants and softer loans acquired from multilateral financial institutions. The budget for next financial year is not likely to be very different from the previous budgets. …

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Overseas investors demand one window tax collection

  The overseas investors getting upset to deal with various agencies responsible for tax collection have urged upon the government to integrate all revenue collections under one ministry to improve doing business environment. Overseas Investors Chamber of Commerce and Industry (OICCI) the representative body of the overseas investors in Pakistan, however, has extended its support to the Sindh government in its efforts to increase revenue collection and streamline the taxation …

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Telecom: A booming industry of Pakistan with promising and vibrant future

  Total revenues of Pakistan’s telecom sector have been raised to Rs452.8 billion in fiscal year 2016 as compared to Rs446 billion in fiscal year 2015. The telecom sector in Pakistan, besides the auto industry, is moving in fast path enjoying high demand as it contributed Rs157.8 billion to the national exchequer. Increasing is ongoing in several sectors in which IT and mobile companies are providing new services and the …

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Reformed Pakistan railways helps increase revenue

  Pakistan Railways has always remained ahead of all in the nationwide sport activities and keeping that in view it has been planned to raise sports budget for the department from the FY2016-17. Currently the players are rewarded with a gold medal and cash prize of Rs10,000 which would be increased to Rs50,000. China-Pakistan Economic Corridor (CPEC) would also assist develop transportation system of Pakistan. It is also revealed that …

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