A silent yet significant
transformation is taking place in the Pakistani auto industry. The transformation has
already started changing the face of competition in the passenger car and light commercial
vehicle segments of the market. In coming months it will be spread to 4x4 and commuter
vehicle segments. In near future the auto market in Pakistan, particularly cars, would no
more be a seller’s market. Indications are it would transform itself into a
buyer’s market.
PAGE EXCLUSIVE
This week we are
publishing an exclusive report from Shamim Ahmed Rizvi in Islamabad on "Restructuring
the Stock Exchanges" in Pakistan. This also includes the interview of Shamim Ahmed
Khan of SECP. The Securities and Exchange Commission of Pakistan (SECP) throughout the
year 1999, had been actively persuing the objective of reforming the stock exchanges.
HIDDEN
MONEY
Present government is
making all out efforts to expand the tax net and to meet the revenue target of Rs340
billion for the current fiscal has recently announced an amnesty scheme to whiten the tax
evaded assets and hidden money by paying 10 per cent tax. Business community has suggested
that the bank deposits should also be accepted as white money to expand the tax net.
Shahid Firoz
of TeleCard talks to PAGE
