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Balance of Payment: SBP Signing Mous With Other Countries Central Banks Tax

The document summarizes Pakistan's balance of payments issues, including a growing current account deficit due to decreasing exports and increasing imports. Remittances from GCC countries are decreasing as their economies slow down. Foreign relations issues are negatively impacting unilateral transfers. Tax collection is limited due to an overcomplicated system and unregistered shops, while foreign loans are being used for current spending rather than development. Foreign direct investment and CPEC infrastructure projects have not improved Pakistan's global competitiveness ranking due to red tape issues.

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Fahad Bhayo
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33 views2 pages

Balance of Payment: SBP Signing Mous With Other Countries Central Banks Tax

The document summarizes Pakistan's balance of payments issues, including a growing current account deficit due to decreasing exports and increasing imports. Remittances from GCC countries are decreasing as their economies slow down. Foreign relations issues are negatively impacting unilateral transfers. Tax collection is limited due to an overcomplicated system and unregistered shops, while foreign loans are being used for current spending rather than development. Foreign direct investment and CPEC infrastructure projects have not improved Pakistan's global competitiveness ranking due to red tape issues.

Uploaded by

Fahad Bhayo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Balance of Payment

- Current Account Deficit


Trade Balance

Export decreasing due to competitiveness of other players and rising input costs
Import increasing due to domestic demand and partly CPEC

Remittances
GCC Countries economic recalibration (SAUDI, QATAR, etc)
Quality of skill export of Pakistan

Unilateral Transfers

Worsening Relations with US


Credit Ranking

SBP signing MoUs with Other countries Central Banks


Tax
Prevalent structure
-Figures
-Indirect Taxes
-Sales tax limited due to unregistered shops

Bottlenecks
-Over complicated tax returning procedure
Tax evasion-White collar crime-Panama scandal
Role of FBR Inspectors

Foreign Loans
-EuroBonds
Sukuk Bonds
given on high rates
30 years repayment period
Loans for current expenditures, not developmental purposes

Foreign Direct Investment

CPEC
Infrastructure pe kharcha still global competitiveness 115th world wide due to
Red Tapism

Links
Debt financing
[Link]
delivering
[Link]
doubles-to-5-013bln-in-july-oct
[Link]
of-payments-crisis
Sukuk bonds and Eurobonds [Link]
govt-to-begin-roadshows-in-dubai-today-for-eurobond-dollar-sukuk

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