Budget, tax targets & IMF
Dr. Ikramul HaqBudget for fiscal year 2021-22 is in the making amidst difficult times when the all sectors of economy need tax incentives for survival in the wake of Covid-19 endemic, especially after the third and deadly wave that is…
Budget FY 2022
Taxes, inflation & social welfareHuzaima Bukhari & Dr. Ikramul HaqThe Federal Board of Revenue (FBR) has achieved a historic milestone of collecting taxes of Rs. 4.17 trillion in the first 11 months of the current fiscal year, for which its…
Legislation and governments
Huzaima Bukhari“Laws are spider webs through which the big flies pass and the little ones get caught”–Honore de BalzacThe interesting thing about legislation in a country is that those who understand its significance are the ones who are actually observing…
Budget, taxes & development
Huzaima Bukhari & Dr. Ikramul Haq“About 60% of the population falls in the “transitory poor” category (Bukhari and Haq, 2019) it means a substantial population has no access to luxurious items; their needs revolve around basic necessities. The rules for…
Legislation and governments
Huzaima Bukhari“Laws are spider webs through which the big flies pass and the little ones get caught”–Honore de BalzacThe interesting thing about legislation in a country is that those who understand its significance are the ones who are actually observing…
Budget 2022 & taxation
Huzaima Bukhari & Dr. Ikramul HaqThe budget for fiscal year (FY) 2022, the fourth of the coalition Government of Pakistan Tehreek-i-Insaf (PTI), is to be announced on June 11, 2021. Every year before the announcement of annual federal budget—which has…
Unconstitutional taxation by provinces
Dr. Ikramul HaqThe 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 Article 141 of the…
Weeding out deadwood-II
Huzaima Bukhari and Dr Ikramul HaqIn continuation of our earlier article and in response to objections raised by officers belonging to the Income Tax Officers (ITO) batch, the points are further elaborated below to show that there is urgent need…
Weeding out deadwood-II
Huzaima Bukhari and Dr Ikramul HaqIn continuation of our earlier article and in response to objections raised by officers belonging to the Income Tax Officers (ITO) batch, the points are further elaborated below to show that there is urgent need…