Covid-19 crisis: agenda for survival & revival
Tax proposals for budget 2020-21Huzaima Bukhari & Dr. Ikramul HaqThis year’s budget for fiscal year 2020-21 is expected in the first week of June, will be in extraordinary circumstances, where like other nations we have to strive hard to ensure…
Covid-19 pandamic relief measure
Revisiting advance/withholding taxesHuzaima Bukhari & Dr. Ikramul HaqAfter the Second World War, the provision of advance income tax was provided in the then prevalent Income Tax Act, 1922 for the first time by inserting section 18A vide section 5 of…
Self-deception-illusive fantasy
Huzaima Bukhari“The greatest deception men suffer from is their own opinion”—Leonardo Da VinciIn a highly deceptive world where everyone is out to deceive each other for own vested interest, the biggest disservice one can do to oneself is fall victim…
Covid-19 epidemic
Economic-tax relief package Huzaima Bukhari & Dr. Ikramul HaqPakistan is facing the brunt of Coronavirus outbreak as the country is in a partial lock down. This has had a negative impact on businesses. Initial estimates show that the economy will…
Demise of second consecutive NFC
Dr. Ikramul HaqAccording to a Press report, the 9th National Finance Commission (NFC) “died its natural death …after the Centre and four provinces could not reach consensus on a new award for distribution of fiscal resources during the five-year constitutional…
Without being commanded?
Huzaima Bukhari“I have gained from philosophy: that I do without being commanded what others do only from fear of the laws”—AristotleWhile driving in Lahore Pakistan, you stop at a red traffic light because that is the law but you notice…
Covid-19, the poor & tax extortion
Dr Ikramul HaqIn the most difficult times arising out of Covid-19 outbreak and lockdown, all over the world the governments are going for relief packages and tax incentives to mitigate the financial toll faced by all, especially the poor and…
Through Iqbal’s eyes!
Huzaima Bukhari“Unbeliever is he who follows predestination even if he be Muslim. Faithful is he, if he himself is the Divine Destiny”—Allama Muhammad IqbalSialkot in the province of Punjab in Pakistan is an industrial city that is famous for manufacturing…
Covid-19: economic impact measures
Huzaima Bukhari & Dr. Ikramul HaqThe Prime Minister of Pakistan, Imran Khan, in a Press conference on April 3, 2020, thinly attended by journalists (after the bitter experience of March 24, 2020 of critical questioning on many issues rather than…