Budgets of, by & for elites
Dr. Ikramul Haq Like every budget of Pakistan since decades, the latest one, expected on June 11, 2021, will be no different and having the same features: burdening the common people, appeasing the mighty, not withdrawing benefits available to the…
Budget, tax targets & IMF
Dr. Ikramul Haq Budget 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…
Budget FY 2022
Taxes, inflation & social welfare Huzaima Bukhari & Dr. Ikramul Haq The 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…
Legislation and governments
Huzaima Bukhari “Laws are spider webs through which the big flies pass and the little ones get caught”–Honore de Balzac The interesting thing about legislation in a country is that those who understand its significance are the ones who are…
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…
Legislation and governments
Huzaima Bukhari “Laws are spider webs through which the big flies pass and the little ones get caught”–Honore de Balzac The interesting thing about legislation in a country is that those who understand its significance are the ones who are…
Budget 2022 & taxation
Huzaima Bukhari & Dr. Ikramul Haq The 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…
Unconstitutional taxation by provinces
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 Article 141 of…
Weeding out deadwood-II
Huzaima Bukhari and Dr Ikramul Haq In 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…