The Government of Pakistan is weighing significant measures to clamp down on tax evasion, including the potential blocking of bank accounts for individuals and entities that are non-filers. This proposal is part of the amendments being considered for the Finance Bill 2024. Coupled with changes to the tax regime on mobile phone imports and revisions…
Finance
In the realm of economic policy and financial management, few issues are as crucial and contentious as government borrowing. For Pakistan, a country grappling with persistent fiscal deficits and burgeoning debt, the recent revelation that government borrowing has surpassed the combined figures of the previous two fiscal years raises significant concerns and prompts urgent questions…
In a decisive move, the Senate of Pakistan has rejected the government’s budget proposal to increase the tax burden on both salaried and non-salaried business individuals. This decision also included a proposal to exclude the asset details of financially independent spouses from the wealth statements of taxes payers. These recommendations, which reflect significant fiscal policy…
In recent years, the startup ecosystem has witnessed numerous high-profile frauds, underlining the critical need for robust business controls. Contrary to popular belief, business controls do not necessarily impede growth. When designed and implemented thoughtfully, they can enhance a company's agility while managing risks effectively. The collapse of FTX, among other failures, demonstrates the catastrophic…
Artificial Intelligence (AI) and Machine Learning (ML) have revolutionized numerous industries, and e-commerce is no exception. These technologies are pivotal in creating personalized shopping experiences, which are becoming increasingly essential in the digital marketplace. This article delves into the various aspects of AI and ML in e-commerce personalization, exploring their applications, benefits, challenges, and future…
The economic trajectory of Pakistan between 2015 and 2024 is a tale of highs and lows, marked by periods of growth and significant challenges. This decade witnessed ambitious economic reforms, geopolitical tensions, and global economic fluctuations, all contributing to the rise and fall of Pakistan's economy.
Pakistan's Economic Growth and Reforms (2015-2018)
China-Pakistan's Economic Corridor…
This plays a vital role in our lives, offering financial security and peace of mind in the face of unexpected events. From personal security policies like health and auto to business and specialized security, the range of options can be overwhelming. This comprehensive guide aims to demystify insurance, explaining its importance, types, and tips for…
Cryptocurrency has taken the world by storm, revolutionizing the way we think about money and financial transactions. From its inception with Bitcoin to the myriad of digital assets available today, cryptocurrency has grown into a significant financial force. In this article, we'll explore what cryptocurrency is, how it works, provide examples, discuss fraud and scams,…
Passive income is the holy grail for anyone looking to achieve financial freedom. Unlike active income, where you trade your time for money, passive income allows you to earn while you sleep. In 2024, there are more opportunities than ever to build multiple streams of it. This comprehensive guide will walk you through some of…
Microfinance has emerged as a powerful tool for promoting financial inclusion and uplifting communities by providing access to essential financial services. In countries like Pakistan, where a significant portion of the population remains unbanked, this plays a pivotal role in addressing poverty and fostering economic development. This article delves into the intricacies of its…