Just when there were hopes that economic decisions for a change may take over political motives, delays in the announcement of gas price revision is suggesting otherwise. The gas price rationalisation proposal is pending for the cabinets approval, and with every day that passes by, the fears that the objectives will not be achieved, are growing stronger.
Keeping up with its tradition, National Investment Trust Limited announced phenomenal payouts for all the funds under its management for the year ended June 2011, and if the stumbling blocks in the way of NI(U)Ts path to progress are removed, investors could be in for a treat next year as well.
Another fiscal year came and slipped by, yet the pending PTCL privatisation proceeds - a hefty $800 million - remained an unfulfilled dream. It is indeed not a mortifying exercise for the economic managers who have been budgeting the receivables from Etisalat for the last three years.
The tail-end of June is always a time of desperation for the government as the taxmen run from pillar to post, trying to meet towering targets set out by their much more media savvy politically elected peers. As such, it is but natural this time of the year to find a plethora of advertisements in local media using a variety of carrots and sticks to entice tax dodgers to mend their ways.
Its been more than six months since the return on the National Saving Schemes products has remained unchanged. The culprit being: no change in the policy rate in past six months, and a consequently flat movement in the yield of Pakistan Investment Bonds that NSS instruments usually track.