Opinion
February 23, 2021
Whatever happened to the Debt Commission report? This is a legitimate question, considering it was set up in June 2019 by PM Imran Khan. The commission was to complete its task and submit its report within six months. More than 20 months later, there is no news of the report. The fact is that it was never to be. Just a classic example of setting up a commission without even understanding the basics.
Much before coming into power, Imran Khan and his economic team blamed the previous governments for accumulating unusually large amounts of debt. The debt issue was exploited by the PTI before Election 2018 to showcase that incompetence and corruption under the PPP and PML-N governments were the primary reasons for higher borrowings. He famously quoted debt numbers saying that the total debt accumulated in the first 60 years of Pakistan, till 2008, was only Rs 6000 billion but it shot up to 30,000 billion between 2008 and 2018. (These numbers included debt an
There's good reason to check your credit reports right now. Consumer Reports and advocacy groups found complaints about wrong information on credit reports have nearly doubled during the pandemic.
Editor's Note: The Chinese economy faces many challenges despite achieving positive growth last year. How can China overcome these challenges and realize sustainable growth in the long run? Three experts share their views on the issue with China Daily. Excerpts follow:
This has been such a difficult year for small businesses across San Francisco, and sadly, Black-owned businesses across the country have been especially hard hit and many have had to close their doors for good, Breed said in a statement. Small businesses are going to be such a critical part of our city s recovery. As we look to the future of San Francisco, it s critical that our city programs keep focusing on equity and serving those communities that have been historically disadvantaged.
Breed added, she hopes the fund can give businesses the resources that can help them survive this pandemic and come back even stronger.
Accountants are bracing for a full recommencement of ATO audit and debt activity as recent signs point towards a renewed approach to compliance-related work.