Heavy at the top
March 16, 2021
Are the government departments in the country overstaffed? While the beneficiaries of overstaffing consider it a boon for themselves, taxpayers feel dismayed over the waste of their tax money. Employing more officials and workforce than needed to carry out a certain workload amounts to being unfair to the taxpayers. Taxpayers would happily pay their taxes if they felt their hard-earned money was spent in the right direction and for the right causes.
Our government organisations, including administrative departments, are over-employed. With time, they turn top-heavy despite the fact that there is no proportionate increase in the workload. The functioning of certain departments is more visible because of the nature of their duty. Let’s consider the Motorway Police that the BBC once commented was professional and performed their duties efficiently. The level of their performance seems to have gone down lately.
IMF wants SBP Amended Act 2021 approved from parliament
Top Story
March 11, 2021
ISLAMABAD: The International Monetary Fund (IMF) has shared a draft of the Memorandum of Financial and Economic Policies (MEFP) with the Pakistani authorities and placed approval of the SBP’s amendment act 2021 from parliament as part of condition for the completion of the sixth review under the $6 billion Extended Fund Facility (EFF) programme.
The hiking of gas tariff with effect from July 1, 2021 has also been part of the IMF programme. The power tariff will further be increased in the months ahead. The government has also agreed to accelerate the stalled privatisation programme and renewed efforts will be made to privatise certain state-owned entities. The government has also agreed to continue the fiscal consolidation but the budget deficit target exceeded slightly than the envisaged target of seven percent of the GDP for the current fiscal year.
IMF wants SBP Amended Act approved from parliament
Top Story
March 11, 2021
ISLAMABAD: The International Monetary Fund (IMF) has shared a draft of the Memorandum of Financial and Economic Policies (MEFP) with the Pakistani authorities and placed approval of the SBP’s amendment act 2021 from parliament as part of condition for the completion of the sixth review under the $6 billion Extended Fund Facility (EFF) programme.
The hiking of gas tariff with effect from July 1, 2021 has also been part of the IMF programme. The power tariff will further be increased in the months ahead. The government has also agreed to accelerate the stalled privatisation programme and renewed efforts will be made to privatise certain state-owned entities. The government has also agreed to continue the fiscal consolidation but the budget deficit target exceeded slightly than the envisaged target of seven percent of the GDP for the current fiscal year.