Huzaima Bukhari & Dr. Ikramul Haq The budget for fiscal year (FY) 2022, the fourth of the coalition Government of Pakistan Tehreek-i-Insaf (PTI), is to be announced on June 11, 2021. Every year before the announcement of annual federal budget—which has become an official ritual—plethora of tax proposals are received by the Federal Board of...Read More

Dr. Ikramul Haq The imposition of any kind of legislation that include levy of any tax or duty, cess etc having extraterritorial impact and involving entities operating on trans-provincial levels by any provincial assembly is patently against Article 141 of the Constitution of Islamic Republic of Pakistan [“the Constitution”]. In the same manner any legislative...Read More

Huzaima Bukhari and Dr Ikramul Haq In continuation of our earlier article and in response to objections raised by officers belonging to the Income Tax Officers (ITO) batch, the points are further elaborated below to show that there is urgent need of weeding out deadwood from the Federal Board of Revenue (FBR) despite the fact...Read More

Huzaima Bukhari and Dr Ikramul Haq In continuation of our earlier article and in response to objections raised by officers belonging to the Income Tax Officers (ITO) batch, the points are further elaborated below to show that there is urgent need of weeding out deadwood from the Federal Board of Revenue (FBR) despite the fact...Read More

Huzaima Bukhari “The social justice movement of the 21st century is economic development”–Wendell Pierce Since humans first set foot on this earth they have always been occupied by what we understand today as economics. Anything and everything comes with a price and a host of expectations. Those who can afford, buy and those who cannot,...Read More

Huzaima Bukhari & Dr. Ikramul Haq CPI basket includes luxurious items while SPI based on basic necessity items. About 60% of the population falls in the “transitory poor” category (Bukhari and Haq, 2019) it means a substantial population has no access to luxurious items; their needs revolve around basic necessities. The rules for indexation to the...Read More

Dr. Ikramul Haq A student has asked to outline as to what should be the ideal budgets for Pakistani people at federal and provincial levels. My answer is simple: an ideal budget is one that has long-term vision of prosperity by doing justice with all economic classes within the society. It must ensure growth with...Read More

Huzaima Bukhari & Dr. Ikramul Haq For the last two decades every year, we have been consistently suggesting in these columns some innovative budget proposals, stressing comprehensive structural reforms, as highlighted recently by Pakistan Institute of Development Economics (PIDE) in PIDE Reform Agenda for Accelerated and Sustained Growth, to achieve higher economic growth that alone...Read More

Huzaima Bukhari & Dr. Ikramul Haq For the last two decades every year, we have been consistently suggesting in these columns some innovative budget proposals, stressing comprehensive structural reforms, as highlighted recently by Pakistan Institute of Development Economics (PIDE) in PIDE Reform Agenda for Accelerated and Sustained Growth, to achieve higher economic growth that alone...Read More

Huzaima Bukhari & Dr Ikramul Haq Those who can afford to pay for the internet should be required to pay; those who cannot can be offered targeted subsidy. In the initial period, access to provision will call for expenditure — but this would yield returns, in the near and distant future, in forms known and...Read More