Agricultural incomes are exempt from income tax under the present income tax law in Pakistan. Exemption to agricultural incomes from income tax was first provided in 1886. This position remained uncha ... Read More

The contemporary economic and social crisis of the world system is not the first in this century. Therefore, it is useful to remind the years after 'Black Friday' 1929 with respects to the consequence ... Read More

Macro economic imbalances in Pakistan, caused by the burgeoning budget deficit and a large trade deficit, have created strong pressures for stabilisation and structural adjustment involving wide rangi ... Read More

The objective of this paper is to evaluate the trade policy of the 'caretaker government. This policy proposes a comprehensive tariff reform to be implemented from the fiscal year 1994-95. Main featur ... Read More

For nearly two decades, the International Monetary Fund and the World Bank have been implementing stabilization and structural adjustment programmes in underdeveloped countries. These policies have fo ... Read More

As in many other less developed countries, policy makers in Pakistan have accepted a series of neo-liberal reforms. Included among these are financial sector reforms such as interest rate liberalizati ... Read More