By DR. IKRAMUL HAQ Dr.Ikramul Haq, a leading international tax counsel, is a well-known author specialising in international tax, press, intellectual property, corporate and constitutional law. Dr. Ikram is Chief Partner of Lahore Law Associates (fax: +92 42 7226953, e-mail: irm@brain.net.pk). He is also a member of the visiting faculty of the Institute of Direct...Read More

by Ikramul Haq Ikramul Haq is a leading International Tax Counsel specializing in tax, corporate and constitutional law. Mr. Haq is the Chief Partner of Lahore Law Associates; fax: +92 42 636-3499, e-mail: irm@brain.net.pk. He is also a member of the Visiting Faculty of the Institute of Direct Taxes in Lahore. He served for 12...Read More

Adding Insult to Injury By Ikramul Haq The clarification issued by the Central Board of Revenue in response to “Tax Machinery and Abuse of Powers” confirms beyond any doubt that the administrative authority, controlling the entire tax apparatus, believes that it is above the law. The justification for not following the express provisions of law...Read More

By Dr. Ikramul Haq Dr. Ikramul Haq, a leading international tax counsel, is a well-known author specialising in international tax, press, intellectual property, corporate and constitutional law. Dr. Ikram is Chief Partner of Lahore Law Associates (fax: +92 42 7226953, e-mail: irm@brain.net.pk; website: http://www.paktax.com.pk). He is also a member of the visiting faculty of the...Read More

Dr. Ikramul Haq[1] Pakistan, caught in a deadly debt trap, is struggling hard to get rid of external loans of 35 billion US$. There is no hope to come out of this crisis or to stop looking towards IMF, World Bank, Paris Club, London Club and ADB in near future. There are no signs yet...Read More

Huzaima Bukhari & Dr. Ikramul Haq In their respective budgets, the federal and provincial governments, by just enhancing the existing tax rates and imposing new regressive taxes have confirmed that they lack visions to fix the ailing economy where trade and industry are facing extreme hardships due to less demand, higher cost of doing business...Read More

Dr. Ikramul Haq It is not surprising that every budget of Pakistan, the latest one announced for fiscal year 2019-20 on June 11, 2019, has one common feature: burdening the common people, appeasing the mighty, extending benefits to the rich and toeing the line of the lenders/donors. Many experts emphasise that since beggars cannot be...Read More

Huzaima Bukhari When you are discontent, you always want more, more, more. Your desire can never be satisfied. But when you practice contentment, you can say to yourself, ‘Oh yes – I already have everything that I really need’—Dalai Lama Restlessness is an in-built feature in human beings. Barring a few exceptions, it is very...Read More

Dr. Ikramul Haq According to many experts, Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister Imran Khan on Finance, Revenue and Economic Affairs, and his team, in the given circumstances, could not have any choice but to present yet another conventional budget to balance the books and meet many preconditions of the International Monetary Fund...Read More

Huzaima Bukhari & Dr. Ikramul Haq The first budget of coalition government of Pakistan Tehreek-i-Insaf (PTI) for fiscal year 2019-20, presented by the State Minister for Revenue on June 11, 2019 and prepared under the dictates of International Monetary Fund (IMF) by Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister Imran Khan on Finance, Revenue...Read More