Pakistan’s Nazuk Mor, a term repeatedly used in Pakistan to refer to the volatile political and economic situation of Pakistan, has become the subject of the case study at Harvard Business School.
Pakistan is still going through Nazuk Mor (Critical Time) despite 77 years of its independence. The country is unable to solve the crisis of weak democracy, a vulnerable economy, crippling inflation, and terror threats. Almost all the generations in Pakistan have heard about the country going through its Nazuk-Mor (critical times) at one point in their life.
Despite that Pakistan continues to survive all the hard times, this phenomenon has grabbed the attention of foreign educational institutions. They decided to teach it as a case study to their potential leaders and managers.
A Harvard business class is studying Pakistan. They’re looking at how Pakistan’s economy has been stuck in a tough spot for a long time, even after 75 years. They’re calling this situation “Nazuk Mor” which basically means a difficult or critical period.
The case study titled, “Pakistan at 75: When Will the Nazuk Mor End?” is being taught by Professor Alberto Cavallo’s the Business, Government, and the International Economy — Spring 2024 at Harvard Business School.
Read more: IMF Demands 18% GST on Petroleum Products
On the other hand, anticipation is mounting regarding the upcoming IMF program for Pakistan, which is expected to be tougher and harsh than the previous programmes.
The International Monetary Fund (IMF) has urged Pakistan to enforce an 18 percent General Sales Tax (GST) on petrol and end sales tax exemptions on all items, including petroleum. This recommendation comes as part of the IMF’s efforts to enhance tax revenue in Pakistan.
Additionally, the IMF has proposed levying a Rs 60 levy on petroleum products to boost tax income. The rationalization of GST rates, according to IMF estimates, could generate revenue equivalent to 1.3 percent of Pakistan’s Gross Domestic Product (GDP), amounting to Rs1,300 billion.