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In the three decades after World War II, Western Europe caught up with the United States in terms of per capita GDP. But since the mid-1990s, this trend has reversed, with the US growing twice as fast as Europe. What…

THE government’s plan to document retailers for tax purposes through its ‘voluntary’ Tajir Dost Scheme appears to have failed. Media reports suggest that the response to the scheme has been very poor, with traders paying just less than Rs1m during…