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This refers to an "out of box" solution proposed by the Federal Finance Minister for expanding the tax net to bring into the tax net millions of untaxed retailers. I have a copy of a detailed proposal on taxation reforms covering all sectors of Pakistan's economy, which an ex-banker drafted back in May 1999 at the request of a respectable Karachi-based industrialist. With the help of a former president of the FPCCI, that industrialist had passed this paper on to Mian Nawaz Sharif who was Prime Minister at that time. Following paragraphs of that paper relate to taxing the retail sector:

How profound it is that Prime Minister Nawaz Sharif has made it clear that although his country has very low carbon emissions, it is willing to make a meaningful contribution towards global efforts towards climate change challenge. According to him, the developed countries, however, having more responsibility in tackling the climate change challenges.
This is apropos news item 'Israel to open first mission in Abu Dhabi' carried by Business Recorder on its front page on Saturday. How unfortunate and ironic it is that Israel is set to open a mission in Abu Dhabi as part of an international green energy body, Israeli officials said Friday - its first official presence in the United Arab Emirates.
This refers to an article titled "Economy's woes" carried by Business Recorder on November 25. In the article, the author discussed sharp decline in FDI on the basis of data of first quarter of current fiscal year. He has stated that FDI witnessed a sharp decline of 24 percent during first quarter of the CFY which is lowest in a decade.
This is apropos an op-ed "Rural poverty challenge" carried out by the newspaper on Thursday. The writer has argued, for example: "The grant of land alone would not suffice to make all the possible. The first and foremost issue to be tackled by the government as essential follow-up is the availability of irrigation water which, due to poor maintenance of the canal irrigation system, has gone down considerably.
As long as constitutionally elected civil government, the Khakis, paid civil bureaucracy, judiciary and all institutions of state funded by taxpayer do not accept supremacy of constitution, each working strictly within their confines and answerable to laws of land, Pakistan cannot win either this war against terrorism, or attain economic self sustainability, vital for state sovereignty. Governance in Pakistan is casualty of mediocrity and corruption that dominates executive corridors of state institutions, corporation and regulatory agencies, where key posts are often held by those who are lacking in professional competence and skills to handle jobs assigned. This has created not just rule of mediocrity, but rise in desperation and frustration in ranks of qualified educated youth adding to ever expanding ranks of unemployed, making frustrated youth vulnerable for recruitment by terrorists and criminals.
This is apropos a news item "EU to resume deportations of migrants" carried by Business Recorder yesterday. According to the report, Europe's migration commissioner has said an agreement to deport undocumented migrants to Pakistan will be restored, after Islamabad announced it had suspended the deal because of its "blatant misuse".


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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
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WeeklyNovember 30, 2015
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