86th Pakistan Day Need for fiscal reconstruction
Dr. Ikramul Haq March 23, 2026 marks 86th Pakistan Day. The entire nation hopes that the present hybrid-plus government will strive to…
Unconstitutional CVT on foreign assets
Dr. Ikramul Haq Section 8 of the Finance Act, 2022 imposed an annual Capital Value Tax (CVT) at 1% on the aggregate…
FCC, Constitution & super tax validity
Dr. Ikramul Haq The short order of January 27, 2026 by the Federal Constitutional Court (FCC) of Pakistan validating super tax under…
FFC’s super tax verdict: A constitutional paradox
Dr. Ikramul Haq In Durrani Ceramics v Federation of Pakistan (2014 SCMR 1630), the Court held that fiscal legislation must conform to the constitutional distribution…
FFC, Super Tax, Money Bill And Forgotten Constitutional Precedent
Dr. Ikramul Haq “We may conclude by stating that each and every word of the Constitution, and the methodologies and procedures prescribed…
FCC, super tax & Constitution
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The abrupt demand for super tax payments running into hundreds of billions of…
Pakistan: Safe Harbour Rules—III
Dr. Ikramul Haq Pakistan’s tax debate is crowded with familiar slogans—documentation, digitization, enforcement, broadening the base. Yet one reform tool, universally recognized…
Pakistan: Safe Harbour Rules—II
Dr. Ikramul Haq While this guidance sets out a transitional safe harbour and a framework for a permanent safe harbour, there may…
Pakistan: Safe Harbour Rules—I
Dr. Ikramul Haq Pakistan’s tax system does not suffer from lack of law; it suffers from fear of certainty. Safe harbour rules…
Crypto Custody & Regulatory Reforms
Dr. Ikramul Haq & Abdul Rauf Shakoori Crypto assets are no longer confined to speculative trading. They are steadily becoming part of…
Constitution, Gilgit-Baltistan And FBR: When Administration Replaces Citizenship
Dr. Ikramul Haq Since Customs Act stands extended to GB, all the duties under said act (Customs Duties, Regulatory Duties, Additional Customs…
Pakistan: Case for fiscal equalization—I
Dr. Ikramul Haq Fiscal equalisation is a transfer of fiscal resources across jurisdictions with the aim of offsetting differences in revenue raising…
Pakistan: Case of fiscal equalization—II
Dr. Ikramul Haq The People’s Republic of China’s (PRC) fiscal system is characterized by very high expenditure decentralization and heavy reliance on…
Trade vulnerabilities & reforms
Dr. Ikramul Haq & Abdul Rauf Shakoori The global trade environment has reached a decisive turning point, shaped by slowing economic growth,…
Experimenting with Stablecoin & Tokenization
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The global monetary system is entering a new phase in which digital money…
Application of FATF’s new guidelines
Dr. Ikramul Haq & Abdul Rauf Shakoori The global scale of financial crime now runs into trillions of dollars every year, permeating…
Fiscal Federalism & Taxation
Dr. Ikramul Haq The double aspect doctrine deals not with what the “matter” is, but what it “comes within”. The doctrine of…
Predatory state & low-growth trap
Dr. Ikramul Haq Pakistan’s perpetual economic dilemma is not merely insufficient tax collection or excessive debt burden, but a prolonged low-growth trap…