Budget 2025 & IMF’s conditions
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The economic journey of Pakistan has recently showed a positive transformation, with macroeconomic indicators reflecting a promising outlook. The fiscal performance for the first nine months of the current…
Dilemma Of An Infested Society
Huzaima Bukhari “True freedom requires the rule of law and justice, and a judicial system in which the rights of some are not secured by the denial of rights to others”—Jonathan Sacks When a retired Pakistan…
Need for fair & efficient taxation
Dr. Ikramul Haq & Abdul Rauf Shakoori Tax administrations, both at federal and provincial levels, lack the requisite level of digitization, professionalism and human skills. Tax reforms certainly do not mean mere alteration of tax laws or making cosmetic…
Pakistan needs efficient tax structure
Dr. Ikramul Haq & Abdul Rauf Shakoori Tax administrations, both at federal and provincial levels, lack the requisite level of digitization, professionalism and human skills. Tax reforms certainly do not mean mere alteration of tax laws or making cosmetic…
Section 120(4) of the Income Tax Ordinance: Legal Scope, Procedural Abuse, and Taxpayer Remedies
Muhammad Saqib Raza A recurring administrative issue involves the issuance of notices under Section 120(3) of the Income Tax Ordinance, 2001 [“the Ordinance”] to corporate taxpayers—whether operating under the Normal Tax Regime (NTR) or Final Tax Regime (FTR)—alleging…
Exploring new trade opportunities
Dr. Ikramul Haq & Abdul Rauf Shakoori The humanity at large finally had a sigh of relief on May 10, 2025, following a brokered ceasefire between the two nuclear-armed neighbours of South Asia, India and Pakistan. As…
Need for new trade corridors
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The strategic direction of United States and Saudi Arabia relations is entering a new phase of profound transformation, driven by mutual economic interests, energy diversification, and geopolitical recalibrations. President Donald…
When Duel Is The Only Choice
Huzaima Bukhari “War is a massacre of people who don’t know each other for the profit of people who know each other but don’t massacre each other”—Paul Valery Conflicts, disputes and disagreements are common among human…
Unconstitutional Taxation: Resorting To Ordinances & SROs
Dr. Ikramul Haq “All public power is a sacred trust, which is to be exercised fairly, justly, honestly and in accordance with law”— Workers’ Party Pakistan & Others v Federation of Pakistan & Others [PLD 2012 Supreme Court 681]…