Huzaima Bukhari & Dr. Ikramul Haq It is unprecedented in the country’s history that preliminary reports into sudden price hike of these commodities were released without alteration and action will be taken against those responsible for sugar and wheat price hike after receiving detailed forensic reports on April 25, 2020—Prime Minister, Imran Khan Matthew Parker in...Read More
Huzaima Bukhari & Dr. Ikramul Haq In tax laws, many statutory regulatory orders (SROs) create discriminations among people equally placed, favour the influential segments of society and open avenues of corruption. Through SROs, the Federal Board of Revenue (FBR) provides “legal” ways and means to mighty sections of the society to amass huge wealth. Exemptions...Read More
Dr. Ikramul Haq The economic misery of millions of Pakistanis in the wake of Covid-19 pandemic, monopoly of State oligarchy on resources and abuse of robber barons of their position in power to fleece the masses and get extraordinary benefits have once again exposed the cruel elitist structure of a land claimed to be secured...Read More
Huzaima Bukhari “Death is the final wake-up call”—Douglas Horton Specialized training of income tax for probationary officers who qualified the Civil Services Competitive Examination of 1983, took place during 1985 and 1986. Yours faithfully was one of them. This is the era when the minimum amount of income of an individual subjected to income tax...Read More
Combatting & redefining future Dr. Ikramul Haq The worldwide Covid-19 crisis has jolted the entire humanity, exposed vulnerabilities of even those states considered as economically and politically so “powerful” so as to determine the course of history. Being clueless how to curtail/overcome the outbreak, the mighty states are not only going to be badly...Read More
Huzaima Bukhari “If you’re a scientist, and you have to have an answer, even in the absence of data, you’re not going to be a good scientist”—Neil deGrasse Tyson (American astrophysicist) Most organized households first make a note of their members, their categories and needs after which income and expenditure are evaluated for balancing the...Read More
Huzaima Bukhari & Dr. Ikramul Haq In a country of about 210 million people, about 10,000 individuals, prominent in business or profession or holding key positions in state institutions, think they know each and everything and can fix the multiple and complex problems faced by Pakistan, either single-handedly or by forming WhatsApp groups. So, we...Read More
Learning from China & others Dr. Ikramul Haq Nobody in Pakistan has highlighted till today what China has offered as tax package to help domestic businesses hurt by the deadly corona outbreak in addition to overcoming it in a short time. The relief package [March-24-Package] announced by our Prime Minister of Rs. 1.2 trillion was...Read More
Huzaima Bukhari “Good debt accrues assets that generate positive returns and externalities”—Anthony Scaramucci—American political consultant Any logical person would advise someone looking for a break-through to “strike when the iron is hot”—the right (or rather ripe) time to realize an apparently unachievable objective. This could work both positively being conducive to the public at large...Read More
When challenges offer opportunities Huzaima Bukhari & Dr. Ikramul Haq “It is a narrow mind which cannot look at a subject from various points of view”— George Eliot, Middlemarch “Five percent of the people think; ten percent of the people think they think; and the other eighty-five percent would rather die than think”—Thomas Edison The...Read More
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