IMF-imposed ‘Ordinance’ & IT exports
Huzaima Bukhari & Dr. Ikramul HaqAccording to a Press report, the coalition government of Pakistan Tehreek-i-Insaf (PTI) before the release of tranche of US$ 500 million by the International Monetary Fund (IMF) agreed to make amendments in the Income Tax…
Tax issues in erstwhile FATA/PATA
Huzaima Bukhari & Dr. Ikramul HaqThe merger of Federally Administered Tribal Areas (FATA) with Khyber Pakhtunkhwa and Provincially Administered Tribal Areas (PATA) with respective provinces, after assent of President to The Constitution (Twenty-fifth Amendment) Act, 2018 on May 28, 2018,…
Simplification of taxes for growth—III
Huzaima Bukhari & Dr. Ikramul HaqIn this concluding part, we are highlighting various proposals already given to the government of Pakistan Tehreek-i-Insaf (PTI) and some new ideas for restructuring tax administration on national level. Additionally, through a national revenue agency,…
Prioritize what’s important
Huzaima Bukhari“Our life is the sum total of all the decisions we make every day, and those decisions are determined by our priorities”―Myles MunroeIn our routine life, we usually take things as they come or move with the flow or…
Taxing ‘Digital Economy’: Global & Domestic Challenges
Huzaima Bukhari & Dr. Ikramul HaqINTRODUCTIONThe global digital economy[1] and electronic commerce[2] (E-commerce) in the wake of Covid-19 endemic have assumed enhanced significance in facilitating the businesses and their clients, the governments and the citizens to transcend the barriers of…
FBR: achievements & challenges
Dr Ikramul HaqThe Federal Board of Revenue (FBR), in a Press release issued on March 31, 2021, stated collection of net revenue of Rs.3394 billion, exceeding by “more than Rs.100 billion” the target of Rs.3287 billion for the first nine…
Tribute to Haseena Moin
Huzaima Bukhari“Writers are historians, too. It is in literature that the greater truths about a people and their past are found”―Sionil JoseMuch to the surprise of the younger generations, those Pakistanis who opened their eyes in the decades of 1950s,…
FBR’s real estate regulations
Critical analysis under FATF’s guidelinesHuzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf ShakooriReal estate sector is considered among the most vulnerable areas that are used for providing legal cover to funds generated through illegitimate activities. Drug traffickers, money launderers, corrupt…
IMF: bail-outs or death-blows
Dr. Ikramul HaqAccording to Press Release No. 21/83, issued by International Monetary Fund (IMF) on March 24, 2021, “its Executive Board completed the “combined second through fifth reviews of the Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan,…