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Agriculture being the mainstay of Pakistan's economy, accounting for nearly 25 percent of country's GDP, 60 percent of export earnings and 48 percent of employment it makes it all the more important to reform the sector so as to make it more responsive to efforts towards reducing poverty and at the same time accelerating its growth to at least on an average 5 percent per annum.

ImageThe general rule is that VAT becomes chargeable at the time when a taxable supply of goods or services is made.1 The basis on which the trader is required to account for VAT is dealt with in accounting for VAT and money received basis.
Faced with heavy losses from low oil prices, Gulf states have embarked on belt-tightening measures to cut spending and boost non-crude revenues, but analysts warn much more needs to be done.
"You know the difference between the PPP and the other two national parties namely the PML-N and the PTI?"
During the first quarter of the current financial year, the foreign direct investment (FDI) witnessed a sharp decline of 24% hitting the lowest FDI level in a decade. What is worrisome is that the FDI is on a steep decline since a couple of years and the trend shows further decline.
Diplomats have quietly launched a new push to induct India into a club of nuclear trading nations, but rather than increasing stability in South Asia, the move could escalate strains with rival Pakistan. The chairman of the Nuclear Suppliers Group (NSG) visited New Delhi recently to meet Foreign Minister Sushma Swaraj as part of a diplomatic "outreach" that seeks to build a consensus to admit India at its annual meeting next June.
Pedalling a bicycle through a freezing blizzard, Rehman finally crosses the border between Russia and Norway where he hopes to be given asylum, half a world away from his home in Pakistan. "It's snowing. It's slippery and very cold, and very hard because some people don't know how to bike," says the strapping and affable 34-year-old, exhausted but relieved to have reached the end of his long odyssey.


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln