Public finance
The ongoing impasse in Florida's state budget is a prime example of irresponsible governing, fueled by partisan bickering and a lack of focus on the state's financial realities. With the federal government set to slash revenues flowing to the states, Florida lawmakers are facing significant shortfalls
Public finance
The International Monetary Fund (IMF) has formally dismissed claims that Pakistan would use its loan funds to finance cross-border violence, emphasizing the strict focus on economic stability. IMF Director of Communications Julie Kozack assured the public at a press briefing that loan disbursements are directly deposited into the State Bank
Public finance
The International Monetary Fund (IMF) held high-level meetings with the Pakistani government on the national budget for the financial year 2025-26. However, after several days of talks, no final agreement was reached. The IMF team, led by mission chief Nathan Porter, discussed budget plans and broader economic goals supported by
Public finance
A high-level delegation of the Pakistan Textile Council (PTC) led by Chairman Mr. Fawad Anwar met with the Federal Minister for Commerce Jam Kamal Khan to discuss critical policy interventions to boost the competitiveness, sustainability, and growth of the textiles and apparel sector. The meeting focused on tariff and tax
Public finance
The National Assembly swiftly passed the Off the Grid (Captive Power Plants) Levy Bill, 2025, through a supplementary agenda without debate. The bill, aimed at providing a legal foundation for the grid levy on natural gas or imported LNG supplied to industrial captive power plants, was introduced by Minister for
Public finance
The National Assembly in Pakistan has passed the Off the Grid (Captive Power Plants) Levy Bill, 2025, a money bill dictated by the International Monetary Fund (IMF), without any debate or discussion. The bill aims to provide legal justification for imposing a grid levy on industrial captive power plants (CPPs)
Public finance
The Federal Board of Revenue (FBR) is poised to introduce sales tax on imported raw materials used in the export of finished goods in the upcoming federal budget for 2025-26. This decision stems from the International Monetary Fund's (IMF) pressure to standardize tax treatment across all sectors, including
Public finance
Wisconsin Governor Tony Evers and state lawmakers are embroiled in a debate over tax cuts, with both sides seemingly agreeing on the need for reductions. However, this agreement belies deeper concerns about the impact of tax cuts on the state's budget and its residents. Amidst the debate, critics
Public finance
Today, the House of Representatives voted 215-214 to advance a Republican plan to cut healthcare for millions of vulnerable patients under Medicaid and the Affordable Care Act to pay for tax cuts for wealthy individuals and corporations. Representative Scott Peters (CA-50) voted against the plan, citing its fiscally irresponsible and
Public finance
As the federal budget for 2024-25 approaches, Prime Minister Shehbaz Sharif has issued directives to ministries to identify and close redundant government organisations, resolve outstanding issues related to power sector subsidies, and streamline public spending. This effort is part of a broader cost-cutting agenda aimed at reducing unnecessary expenses and
Public finance
The Pakistan government is considering a significant fiscal move to impose Federal Excise Duty (FED) on a range of high-demand consumer goods, including biscuits, cakes, sweets, sauces, and other confectionery products, as part of new revenue-generating measures under the FY26 federal budget. The proposed taxes, including both FED and additional
Public finance
The Association of Builders and Developers of Pakistan (ABAD) has proposed a 15-year consistent tax policy for the construction and real estate sector, citing frequent and unpredictable tax changes as a key factor eroding investor confidence and hindering growth in a critical economic sector. The proposals, submitted to the Ministry
