Impact of Increased Taxes on Salaried Class0

• Blog, Economic Security
• July 24, 2024

The recent imposition of higher income tax rates on the salaried class in Pakistan has triggered widespread concerns, reflecting a deeper disconnect between government policies and the economic realities faced by the most documented sector of the economy. The new income tax slabs for 2024, with increased rates for incomes over Rs 600,000, disproportionately burdenREAD MORE

Can Pakistan modernize its economy?0

• Blog, Economic Security
• July 24, 2024

Pakistan's economy stands at a crucial juncture, characterized by both significant challenges and opportunities. Currently, the nation grapples with high inflation, a mounting fiscal deficit, and a balance of payments crisis, all exacerbated by global economic volatility and domestic political instability. In the past, Pakistan's economy has oscillated between periods of growth and stagnation, heavilyREAD MORE

Overseas Pakistanis: Role of Remittances and Labor Migration on Pakistan’s Economy0

• Blog, Economic Security
• July 19, 2024

The role of remittances and labor migration in Pakistan’s economy is pivotal, creating an essential part in the country’s socio-economic landscape. Pakistan is a top list recipient of remittances and benefits greatly from the financial contribution of its diaspora. Remittances represent a vital lifeline for countless households and contribute significantly to poverty alleviation and improvedREAD MORE

Impact of Increased Taxes on the Salaried Class0

• Blog, Economic Security
• July 19, 2024

Increased taxes on Pakistan’s salaried class erode disposable incomes, exacerbating economic burdens and hindering overall financial stability. Whenever there is revenue shortfall, salaried class gets targeted and bears the brunt of International Monetary Fund (IMF) and government policies. Increasing rates of electricity, gas, food and fuel have impacted the purchasing power of individuals throughout theREAD MORE