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A juxtaposition of tax expenditures and direct expenditures: case study of the manufacturing sector of Pakistan

Thesis Info

Author

Lakdawala, Shagufta Hussain

Program

MS

Institute

Institute of Business Administration

Institute Type

Private

City

Karachi

Province

Sindh

Country

Pakistan

Thesis Completing Year

2016

Page

118

Subject

Economics

Language

English

Other

CallNo: 336.206

Added

2021-02-17 19:49:13

Modified

2024-03-24 20:25:49

ARI ID

1676720933559

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Augmentation of investment is a primary goal for any government. To attain that objective it can resort to either tax or direct expenditures. In order to analyze which is a more efficient method in the case of Pakistan, the current study uses data from the country's manufacturing Sector. The time series data set since 1972 to 2013 is used. Bounds testing approach to cointegration used in the structure of Autoregressive Distributed Lag is employed for understanding the behavior of the different variable, applying Neo-Classical Investment theory. The results show the importance of text expenditure policy, in the short run, through the cost of capital, as a determinant to boost private investment in the economy, under circumstances of low inflation. On the other hand, in high inflation periods, the direct expenditure is found to be more potent. The empirical evidence shows a strong role of direct expenditure in influencing both the short-run and the long-run behavior of investment in the economy
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خواجہ محمد علی شاہ رحمانی

خواجہ محمد علی شاہ رحمانی
افسوس ہے کہ گزشتہ جون میں’’برہان‘‘کے خاص مضمون نگار اوررفیق خواجہ محمد علی شاہ صاحب رحمانی کی سہارنپور میں وفات ہوگئی۔مرحوم کی صحت عرصے سے ٹھیک نہیں تھی اس کے باوجود علمی ریسرچ کے کاموں میں لگے رہتے تھے۔ دارالعلوم دیوبند اور مظاہرالعلوم سہارنپور کے ممتازفاضل تھے۔السنۂ مشرقیہ کی بھی بہت سی ڈگریاں ان کے پاس تھیں۔اکابر دیوبند خاص طورپر حضرت الاستاذ علامہ سید محمد انورشاہ صاحب کشمیریؒ اورحضرت مولانا شبیر احمد صاحب عثمانی مرحوم سے والہانہ تعلق رکھتے تھے اوران حضرات کی علمی خصوصیات پران کی گہری نظر تھی۔ پختہ استعداد، واضح العقیدہ مسلمان تھے۔طبیعت میں قناعت اور خودداری کاجوہر نمایاں تھا۔پوری زندگی گوشہ نشینی اور خدمت علم میں بسر کردی۔ جس روزان کی رحلت ہوئی اسی روز کچھ دیر کے بعد ان کے والد ماجد کاسانحہ ارتحال پیش آگیا۔ان کے والد صاحب خانقاہ رحمانی سہارنپور کے سجادہ نشین تھے اور عوام ان سے فیض حاصل کرتے تھے۔رحمھما اﷲ رحمۃ واسعۃ۔
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