Even ACCA Said It About The Government!
By Aamna Waheed
From the time I were in school, I had a habit of making plans, study plans especially, and then getting lazy to act on them. No doubts, that if I could do this, I’d be a much better student.
But making my own study plans are very different from what my teachers and school planned for us. Like how to complete our courses and timetable and all that. But if they (school and teachers) ever tried to copy my laziness in implementing their plans, I seriously doubted my abilities and my skills that I now have. They were building the foundation of us (students) and without their proper planning and its implementation, its not possible for anyone to thrive in real life.
So as we move progressively through the ladders of organization, it becomes more and more important to effectively and ruthlessly executing the plans. So when it come to planning for a nation, there are millions of people and businesses at stake. Just imagine the consequences of failing at this stage!
I’m not a fan of our government, for obvious reasons, and you cannot even blame me for producing an article on the largest accountancy website in Pakistan. This article may be biased but if you want to put a blame, then put it on The News and GEO TV. They are my news sources!
Anyways, coming back to the discussion. ACCA has been increasing its influence on key decision makers. They have been debating and suggesting ways to government, even to G-20 Nations, as how to improve their financial mess. (Sometimes I’m proud of ACCA)
So they also give some recommendations to Pakistan Government on their budget. The heading of the press release state, Pre-Budget is all about planning the work and post budget is about working the plan. See, even ACCA knew our government. They know how the government fail when it comes to implementing the plans.
As every independent social and economic commentator said that shifting the powers to provinces is just half the job. There should be a system of proper allocation and proper execution of those funds which will drive the benefits.
ACCA, in its press release, also considers the CGT (Capital Gains Tax) as a tax that would contribute to fairer distribution of wealth; ACCA Pakistan further endorses the phased approach to introduction of CGT. Although there were no comments on increased GST (Say it ACCA, say it)
So with the conclusion of this article I’m wondering. Should I be proud of ACCA instincts on predicting the routine of our government after budget or should I be sad for Pakistan?