circular debt Archive

Wiser fiscal management : Better utilisation of our foreign exchange reserves – by Ali Wahab: Source: Express Tribune Published: May 2, 2011 Here is a crude fact: the inter-corporate circular debt hovers around Rs200-250 billion. Another fact that we are unwilling to acknowledge is that tax reforms are not moving forward. Forget about direct
A critical perspective on recent hike in fuel prices – by Ahmed Iqbalabadi: OGRA announced an increase in petroleum products on 31st October. The  increase is for sure going to fuel inflation, something which the whole nation has to endure, however, it is important to realize that why petroleum prices are to
Good governance in Punjab – contractors rally for dues worth Rs 10 billion: Doesn’t timely payment and honoring financial commitments come under the head of good governance? The contractors are demanding payment as they are in default of suppliers. Isn’t this circular debt in the making? The government owes the State Bank