The Universal Service Funds (USFs) have received a scathing examination by the global GSM Association. The body of over 800 mobile network operators from over 220 countries studied USFs in 64 countries (including Pakistan) and suggested that USFs had proven inefficient and ineffective as a means to reach universal service, and therefore be considered for shutdown.
Tax authorities in the country seem content with milking the same cow dry, instead of bringing the fat cows in its barn to expand the tax net. What else then explains news reports of new proposals for the budget FY14, calling for higher taxes on salary earners?
Into its fifth year, branchless banking (BB) continues to register impressive growth in terms of both sector infrastructure and activity volumes. Meanwhile, the State Banks reporting on the BB sectors performance has entered its sixth quarter, and the latest BB Newsletter (Issue 6) for the period October to December, 2012 also shows many improvements and modifications in data reporting.