Under war clouds, revenues falter, debt costs rise

Avoiding full-scale fiscal crisis requires lower tax rates, expenditure rationalisation & accelerated documentation ISLAMABAD: Pakistan’s fiscal crisis is no longer a warning; it is a lived reality. Recurrent expenditures continue to rise while federal revenues falter, leaving little room for development spending. Every year, the government accepts ambitious tax and non-tax revenue targets under IMF…

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Traffic hits a rough patch as Lasbela dug up

Water pipeline work outside mosque leaves roads in disarray, testing patience of worshipers With no immediate restoration in sight, mosque administration resorts to temporary fixes, placing wooden planks over the dug-up sections. Photo: express KARACHI: City’s Lasbela Chowk has turned into a daily test of patience, where broken roads and rising dust now speak louder…

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Strong winds to lash Karachi till Tuesday

KARACHI: The Meteorological Department has forecast stronger-than-usual winds across the city until Tuesday, bringing a brief spell of relief from persistent heat while also raising the possibility of dusty gusts in parts of the metropolis. According to the Early Warning Centre of the Pakistan Meteorological Department, moderate to strong sea breezes are expected to continue,…

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Money is there, just not in budget

ISLAMABAD: We are done with the annual ritual of crafting the numbers, attempting to prove economic growth yet adding to the numbers of poverty, debt and unemployment. It is called the Annual Budget, interestingly. Another regular ritual takes place every few months. A delegation from the International Monetary Fund (IMF) arrives, greeted with the kind…

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Germany crush debutants Curacao

LOS ANGELES: Germany swept aside tiny Curacao at the World Cup on Sunday, thrashing the debutants 7-1 in Houston while the Iran team touched down in the United States. Curacao, the smallest nation by population ever to qualify for the tournament, came face-to-face with the four-time winners and despite Livano Comenencia scoring an early equalizer…

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Japan fight back in Dutch thriller

LOS ANGELES: Japan scored an 88th-minute equaliser as they twice fought back to rescue a 2-2 draw with the Netherlands in front of 69,285 in Texas on Sunday to open their World Cup campaigns. A match that had bubbled away in the first period sparked into life in the second half. Netherlands skipper Virgil van…

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