INFONALYSIS

KCCI Research offers a holistic view of the economy, and its different facets like taxation, budget, manufacturing sectors, social issues etc. It serves to apprise its readers with insightful analyses, in-depth information and statistics of several areas like trade, manufacturing (leather, textile, food and plastics etc.), services (franchising, SMEs), energy, financial sector (IMF, debt profiling), transport and infrastructure development (CPEC), bilateral relations (with China, Turkey etc.) and commodities.

Sindh Budget 2019-20- The Story Continues

SINDH BUDGET 2019-20- THE STORY CONTINUES 

Published in: June 2019

The Sindh assembly has adopted a zero deficit budget PKR 1.22Tn deficit-free budget for 2019-20. The budget has been developed on a tight-pocketed theme. First priority in terms of budgetary allocations has been given to education followed by health and law and order. SRB has been given a challenging target of PKR 145Bn for the year. Many services sectors that were hitherto out of the tax net (including ride hailing services) have brought into it while rates of CVT applicable on immovable properties has been increased. Unfortunately, the budget has again ignored infrastructural development in Karachi as only a small number of development projects have been announced.

KCCI Post Budget Analysis – A Stranglehold on the Economy

KCCI POST BUDGET ANALYSIS - A STRANGLEHOLD ON THE ECONOMY 

Published in: June 2019

Budget FY19-20 has been, as expected, an IMF budget. It has been developed on a documentation and revenue generation theme, with total disregard to how it would affect the common man, and how it would wreak havoc with the industries and businesses across the country and across different sectors. In the first 8 months of its rule, the govt. had been making intent discussions with all industry stakeholders for making improvements in ease of doing business and removing tax anomalies affecting businesses. Now it appears that all good work done earlier had been put on the back burner and the only thing of importance is what IMF had to say.

KCCI Pre-Budget Report 2019-20 An IMF Budget in the Making

KCCI PRE-BUDGET REPORT 2019-20 AN IMF BUDGET IN THE MAKING 

Published in: June 2019

Federal Budget FY20 is due to be announced on June 11, 2019 and is likely to revolve around incessant increase in tax collection, removal of tax exemptions broadening of tax base, improvement in tax infrastructure, removal of anomalies, debt repayments, and implementation of measures to resolve long lingering problems like energy shortages. The forthcoming budget is expected to substantially stifle national GDP growth, suppress most form of development activity, hamper agricultural sector and unleash an unbearable wave of inflation across all income levels. The budget appears to have all the hallmarks of a typical IMF budget, In other words, budget FY20 is undisputedly an “IMF budget”.

PAKISTAN-AN IMF DIRECTED ECONOMY

PAKISTAN-AN IMF DIRECTED ECONOMY 

Published in: June 2019

"Pakistan’s economy is facing the same set of problems it has to deal with, year in and year out. One added issue this fiscal, however, is the ascension of an inexperienced team unfamiliar with fiscal management to power, leading to unsure policy decision making. The new government has backtracked on various loud claims while taking decisions that have already started yielding desired results. Although the Prime Minister has claimed that the economy will start to recover from Jul’19, the various terms and clauses in the upcoming IMF influenced FY20 federal budget are likely to further worsen economic conditions for the people of Pakistan".