FBR’s quest for reforms & modernisation
Huzaima Bukhari & Dr. Ikramul Haq “We need to lower tax rates for everybody, starting with the top corporate tax rate. We need to simplify the tax code. The ultimate answer, in my opinion, is the fair tax, which is…
Decades of subjugation
Huzaima Bukhari & Dr. Ikramul Haq Near to complete 73 years of independence, our elites want to celebrate liberation from colonial rule after pushing the country into debt quagmire. This paradox depicts what Zulfikar Ali Bhutto highlighted in his book,…
Betwixt truth and lies
Huzaima Bukhari “Today I bent the truth to be kind, and I have no regret, for I am far surer of what is kind than I am of what is true”—Robert Brault While breathing her last on the hospital bed,…
Trapped in vicious external debts
Dr. Ikramul Haq It is now officially confirmed that the coalition Government of Pakistan Tehreek-i-Insaf (PTI) secured over $13 billion in foreign loans in the fiscal year 2019-20 alone! It was the second highest amount in history. Resultantly, the PTI…
Allama Iqbal on equitable taxation
Huzaima Bukhari & Dr. Ikramul Haq In this article, we are highlighting the ideas of the great thinker, philosopher and poet, Allama Muhammad Iqbal, on economics and taxation. He is popularly praised and acknowledged for presenting Tasawwar-i- Pakistan [concept of…
Decades of subjugation
Huzaima Bukhari & Dr. Ikramul Haq After 73 years of independence, our leaders in power want to celebrate liberation from colonial rule after pushing the country into a deep debt trap. This paradox depicts what Zulfikar Ali Bhutto highlighted in…
Taxation issues after FATA/PATA merger
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…
Malaise of mounting debt
Huzaima Bukhari & Dr Ikramul Haq The central government’s debt, excluding its liabilities, increased to Rs. 34.48 trillion by the end of May 2020—Central GovernmentDebt, State Bank of Pakistan (SBP). In the midst of fighting economic toll of Covid-19 endemic,…
Iqbal & Islamic Taxation Model
Huzaima Bukhari & Dr. Ikramul Haq In this article, we are highlighting the ideas of great thinker, philosopher and poet, Allama Muhammad Iqbal[1], on economics. He is popularly praised and acknowledged for presenting Tasawar Pakistan [Concept of Pakistan] and as…