‘Hot Money’: lower tax on higher yield!
Dr. Ikramul Haq It is unfortunate that contrary to all tall claims of getting rid of loans, especially the costly ones, the coalition Government of Pakistan Tehreek-i-Insaf (PTI) in pursuit of ‘hot money’ from foreign entities is not only increasing…
Hats off to circumspect housewives!
Huzaima Bukhari “For thousands of years, until about 1850, you see humans accumulating more and more power by the invention of new technologies and by new systems of organization in the economy and in politics, but you don’t see any…
Breaking ‘Debt Prison’
Dr. Ikramul Haq “The central government’s debt increased at a double-digit pace to Rs. 32.1 trillion by the end of November [2019], an addition of a whopping Rs. 5.7 trillion in just one year, as the Pakistan Tehreek-e-Insaf (PTI) government…
The choice of a life companion
Huzaima Bukhari “Inna akramakum inda-Allahi anqakum (Verily the most honourable among you with Allah is that believer who is pious).”―Al Quran, Al Hujaraat (49:13) A few days back, a dear friend expressed anxiety over a very serious issue—deciding on the…
When closeness breeds distance!
Huzaima Bukhari “We are now living in a post–Roosevelt, post-Reagan universe. What comes next will not be post-partisan, because faction is an intrinsic human impulse”―Jon Meacham (writers, reviewer and presidential biographer) A cursory glance around the globe would reveal some…
Offshore or onshore!
Dr. Ikramul Haq In the wake of Panama Papers: Politicians, Criminal & Rogue Industry That Hide Their Cash, heated debatesat homes and abroad are going on and will continue for many days, if not months. In Pakistan people are disillusioned,…
Height of ignorance & naivety!
Dr. Ikramul Haq The myth that technocrats can run government affairs better than bureaucrats is busted at least in Pakistan in recent months by Dr. Abdul Hafeez Shaikh, Advisor to the Prime Minister on Finance, Revenue and Economic Affairs. Firstly…
FBR’s performance—first half of FY 2020
Huzaima Bukhari & Dr. Ikramul Haq The low degree of accountability of expenditures has made the revenue collection system more vulnerable to frequent restructuring. Placing responsibility to bridge the widening gap between revenue and expenditure on the shoulders of FBR…
Unconstitutional taxation by provinces
Huzaima Bukhari & Dr. Ikramul Haq The imposition of any kind of legislation that include levy of any tax or duty, cess etc having extraterritorial impact and involving entities operating on trans-provincial levels by any provincial assembly is patently against…