Budget 2019-20: loaded with heavy taxes
Dr. Ikramul HaqAccording to many experts, Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister Imran Khan on Finance, Revenue and Economic Affairs, and his team, in the given circumstances, could not have any choice but to present yet another conventional…
Budget with no innovation in taxation
Huzaima Bukhari & Dr. Ikramul HaqThe first budget of coalition government of Pakistan Tehreek-i-Insaf (PTI) for fiscal year 2019-20, presented by the State Minister for Revenue on June 11, 2019 and prepared under the dictates of International Monetary Fund (IMF)…
Of ritualistic budgets, meaningless debates
Huzaima Bukhari & Dr. Ikramul HaqThe Pakistan Tehreek-i-Insaf (PTI) that was formed to provide socio-economic justice to all and work for social mobility of less-privileged, in its first budget for fiscal year 2019-20, proved to be an utter disappointment on…
Raising Rs. 10 trillion!
Dr. Ikramul HaqThe Prime Minister of Pakistan, in his brief address to nation on June 10, 2019—a day before the announcement of budget for fiscal year 2019-20—asked the rich and mighty to declare their hidden and/or benami assets at home…
True path to prosperity
Huzaima Bukhari“If we want to make this great State of Pakistan happy and prosperous, we should wholly and solely concentrate on the well-being of the people, and especially of the masses and the poor”—Muhammad Ali Jinnah The definition of prosperity for…
Budget, IMF & subjugation
Huzaima Bukhari & Dr. Ikramul HaqIn 2016, we wrote an article, entitled, ‘Budget of trapped and enslaved’. In 2019 the situation is no different, rather worse. All the six budgets presented by the last government of Pakistan Muslim League (Nawaz)…
Budget 2019: relief for fixed-income class
Dr. Ikramul HaqBudget for the next fiscal year 2019-2020 is around the corner, to be announced on June 11, 2019. Due to extreme economic crisis and harsh conditionalities agreed with the International Monetary Fund (IMF) in lieu of a bailout…
What is, what is not!
Huzaima Bukhari“When you are courting a nice girl an hour seems like a second. When you sit on a red-hot cinder a second seems like an hour. That’s relativity”— Albert EinsteinWhen sitting in judgement with respect to different people and…
Budget & oppressive taxes
Dr. Ikramul HaqIn the forthcoming budget, to be announced on June 11, 2019 under a new economic team selected by Pakistan Tehreek-i-Insaf (PTI) on the dictates/recommendations of International Monetary Fund (IMF), there will be enhancement in rates of existing taxes…