Revenue Collection: Facts & Fallacies
Dr. Ikramul Haq[*] The worthy finance minister of Pakistan appears to be totally ignorant about the reliability of fiscal data prepared and fed to him by the Central Board of revenue (CBR). In a news conference in Islamabad on 27…
IMF: New East India Company in Pakistan
Dr. Ikramul Haq[1] The International Monetary Fund (IMF) is emerging as a new East India Company in Pakistan. It has decided to take over our revenue administration in the same manner as was done by the East India Company in…
IMF: New East India Company in Pakistan
Dr. Ikramul Haq[1] The International Monetary Fund (IMF) is emerging as a new East India Company in Pakistan. It has decided to take over our revenue administration in the same manner as was done by the East India Company in…
Budget 2020, revival & new tax model
Huzaima Bukhari & Dr. Ikramul Haq The budget for fiscal year 2020-21, the second one of coalition Government of Pakistan Tehreek-i-Insaf (PTI), is expected on June 12, 2020 when Covid-19 economic toll has already affected businesses and individuals on a…
Budgets 2020 amid Covid-19 crisis—I
Revival, growth and revenues Huzaima Bukhari & Dr. Ikramul Haq “If we were to construe Entry 52 of the Legislative List keeping in view the above meanings of the expression “in lieu of”, it becomes evident that the Legislature has…
Budget 2020 amid Covid-19 crisis
Agenda for tax reforms Huzaima Bukhari & Dr. Ikramul Haq The biggest challenge faced by the State of Pakistan is on revenue mobilisation front in the aftermath of Covid-19 pandemic/lockout and global meltdown of economy. Budget 2020 is in the…
Tax on gain on immovable property
Who is violating the Constitution? Huzaima Bukhari & Dr. Ikramul Haq The unanimously-passed 18th Constitutional Amendment, received assent of President on April 19, 2010, was undoubtedly a titanic exercise aimed at securing consensus through parliamentary negotiations between divergent, conflicting and…
Budget 2020
Tax reforms for economic revival Huzaima Bukhari & Dr. Ikramul Haq The biggest challenge faced by the present federal and provincial governments is how to strike a balance between revenue mobilisation and revival of economy in the aftermath of Covid-19…
Budget 2020 amid Covid-19 crisis—III
Fiscal challenges & 18th Amendment Huzaima Bukhari & Dr. Ikramul Haq The failure to tap the actual tax potential by the federal and provincial governments is the real issue and not the Constitution (Eighteenth Amendment) Act, 2010 [hereinafter “18th Amendment”]…