Huzaima Bukhari & Dr. Ikramul Haq According to a Press report, the coalition government of Pakistan Tehreek-i-Insaf (PTI) before the release of tranche of US$ 500 million by the International Monetary Fund (IMF) agreed to make amendments in the Income Tax Ordinance, 2001 to withdraw tax exemptions. Resultantly, the President of Pakistan in exercise of...Read More

Huzaima Bukhari & Dr. Ikramul Haq The merger of Federally Administered Tribal Areas (FATA) with Khyber Pakhtunkhwa and Provincially Administered Tribal Areas (PATA) with respective provinces, after assent of President to The Constitution (Twenty-fifth Amendment) Act, 2018 on May 28, 2018, (‘the 25th Constitutional Amendment’) was an historic day. After almost three years, the long-overdue...Read More

Huzaima Bukhari & Dr. Ikramul Haq In this concluding part, we are highlighting various proposals already given to the government of Pakistan Tehreek-i-Insaf (PTI) and some new ideas for restructuring tax administration on national level. Additionally, through a national revenue agency, federal and provincial government would disburse all social security related entitlements. Our existing Income...Read More

Huzaima Bukhari “Our life is the sum total of all the decisions we make every day, and those decisions are determined by our priorities”―Myles Munroe In our routine life, we usually take things as they come or move with the flow or spend right and left without thinking about the future or become so miserly...Read More

Huzaima Bukhari & Dr. Ikramul Haq INTRODUCTION The global digital economy[1] and electronic commerce[2] (E-commerce) in the wake of Covid-19 endemic have assumed enhanced significance in facilitating the businesses and their clients, the governments and the citizens to transcend the barriers of geographical boundaries, time and distance. The digital economy and E-commerce also pose complex...Read More

Dr Ikramul Haq The Federal Board of Revenue (FBR), in a Press release issued on March 31, 2021, stated collection of net revenue of Rs.3394 billion, exceeding by “more than Rs.100 billion” the target of Rs.3287 billion for the first nine months. The International Monetary Fund (IMF) before releasing the tranche of US$ 500 agreed...Read More

Huzaima Bukhari “Writers are historians, too. It is in literature that the greater truths about a people and their past are found”―Sionil Jose Much to the surprise of the younger generations, those Pakistanis who opened their eyes in the decades of 1950s, 1960s and early 1970s had the opportunity to see a country that was...Read More

Critical analysis under FATF’s guidelines Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori Real estate sector is considered among the most vulnerable areas that are used for providing legal cover to funds generated through illegitimate activities. Drug traffickers, money launderers, corrupt officials exploit this business segment to hide their illegitimate earnings, disguise their identities...Read More

Dr. Ikramul Haq According to Press Release No. 21/83, issued by International Monetary Fund (IMF) on March 24, 2021, “its Executive Board completed the “combined second through fifth reviews of the Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan, allowing for an immediate purchase equivalent to about US$500 million for budget support”. The...Read More

Huzaima Bukhari “If agriculture goes wrong, nothing else will have a chance to go right”―M.S. Swaminathan Embarking on a new business, the first things to be considered by an entrepreneur are “minimum costs and maximum gains.” People abstain from soiling their hands in a business venture that will result in perpetual losses unless they have...Read More