Fiscal Management: Issues & Challenges
Huzaima Bukhari & Dr. Ikramul HaqAn unusual decline in revenue collection and steep rise in current expenditures caused a deterioration in all major fiscal indicators during FY19. The overall budget deficit during the year stood at a historic high of…
Fiscal Management: Issues & Challenges
Huzaima Bukhari & Dr. Ikramul HaqAn unusual decline in revenue collection and steep rise in current expenditures caused a deterioration in all major fiscal indicators during FY19. The overall budget deficit during the year stood at a historic high of…
2020: main fiscal challenges
Huzaima Bukhari & Dr. Ikramul Haq“An unusual decline in revenue collection and steep rise in current expenditures caused a deterioration in all major fiscal indicators during FY19. The overall budget deficit during the year stood at a historic high of…
Collect aggressively, refund reluctantly
Dr. Ikramul HaqThe poor genuine exporters were left begging for their refunds but fraudsters made up bogus documentation and decamped with huge amounts, unpunished and unquestioned—Tahir Jahangir, Chairman, Towel Manufacturers Association of PakistanThe allegations levelled in article, written by Chairman…
Clash of the Titans—two wrongs, one right?
Huzaima Bukhari“Under all wrongdoing lies personal vanity of the feeling that we are endowed and privileged beyond our fellows”―James Stephens, Irish novelist and poetIf someone has willfully committed a wrong, it should be admitted and the victim must be duly…
Supreme Court, dictators & tax codes
Huzaima Bukhari & Dr. Ikramul HaqOn September 13, 2001, the duo of General Pervez Musharraf [who seized power in a military coup on October 12, 1999 and resigned on August 18, 2008 from the presidentship to avoid impeachment, now awarded…
Law of binding precedents
Huzaima Bukhari & Dr. Ikramul HaqINTRODUCTIONIn view of the hierarchical character of the judicial system in Pakistan, it is of paramount importance that the law declared by courts should be certain, clear and consistent. Inconsistencies create distrust in the administration…
Reckless borrowing, ruthless spending & bailouts
Dr. Ikramul HaqEven with a steep decline in development spending, total spending grew by 11.3 percent during FY19. The major push came from current expenditures, which grew by 21.3 percent on top of 12.6 percent growth last year— The State…
Explosive population: asset or liability?
Huzaima Bukhari“Unfortunately, successive governments have paid no attention towards family planning and this was the apathy of the successive governments. Rapid population growth always outstrips development gains. If Pakistan had had the same population as at independence, it would be…