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This refers to a recent Business Recorder news item "SBP refuses to facilitate for now: Global sanctions continue to stymie Pak-Iran trade'. The State Bank of Pakistan (SBP) is said to have refused to facilitate bilateral trade with Iran through banking channels until all international sanctions are lifted.

This has a reference to a letter by Anees-ur-Rehman as carried by Business Recorder of the August 28, 2015.
Business Recorder op-ed writers Huzaima Bukhari and Dr Ikramul Haq have recently made highly valuable suggestions towards government's business of taxation. According to them, "The tax reforms should be through Parliament with the consultation of all stakeholders.
This refers to an editorial "Ghost pensioners" carried by Business Recorder on 22nd August in the context of revelation by officials of the National Bank of Pakistan (NBP) to the Senate Standing Committee on Finance chaired by Saleem Mandviwala that it has detected as many as 600,000 ghost pensioners.
Dr Hafiz A. Pasha in his article "Agricultural pricing policy" has stated that "In the absence of any interventions, conditions in the markets for crops have deteriorated. The worst-hit are rice, cotton and potato growers. The commodity prices are persistently declining on account of present global decline scenario of oil prices. Its impact has been witnessed in our country also. To protect the farmers the government has taken following initiatives:
Equitable taxation demands that all incomes should be taxed irrespective of the sector from which they are earned. True, many sectors are yet to be brought into tax net of the country. It is also a fact that tax on "rental of real estate" has been tapped as a new source of revenue by the provincial government, although such an income is already burdened with Federal Revenue tax according to slab rate ranging up to 35% of the total amount.
This is with reference to the Ministry of Finance's response to my article entitled "Approaching or Landed in Deflation", published in this newspaper on August 21, 2015. I appreciate the response of the ministry. But at the same, I am deeply saddened to see the quality of response. It appears that the author of the response has either not read the paper properly or has totally misunderstood the concept of deflation.

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln