Tax Policy & Development Strategy—III
Dr. Ikramul Haq Notable expert of tax policy, Vito Tanzi has called to attention the connection between tax levels and macroeconomic policies such as exchange rate, import substitution, trade liberalization, inflation, public debt, and financial policies. He…
Tax Policy & Development Strategy—II
Stop confiscatory taxation of salaried class
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori Pakistan’s economy faces critical challenges, including fiscal issues, declining industrial productivity, and a narrow tax base that impede basic public services. Inflation is hurting purchasing power, high interest…
The Unseen Threads of Justice: How a High Court Decision Shapes Procedural Law and Legacies.
SHARJEEL TAREEF In an increasingly interconnected world, the principles governing legal frameworks and their impact on individuals and businesses transcend national borders. A recent judgment from the Lahore High Court in Pakistan, I.T.R. No.21137 of 2025, offers a compelling case…
Taxing Times, Constitutional Principles: Pakistan Court Blocks Fee on Judicial Review
SHARJEEL TAREEF In a significant pronouncement with far-reaching implications for jurisprudence and legislative practice, the Lahore High Court has reaffirmed the paramountcy of the Constitution, striking down provisions of the recently enacted Tax Laws Amendment Act, 2024. The judgment,…
Pakistan: Virtual assets taxation
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The government of Pakistan is now in the process of legalizing cryptocurrency and integrating it within the country’s financial and regulatory framework. Introduction of the Virtual Assets Ordinance 2025…
Need for fair & equitable tax policy
Dr. Ikramul Haq & Abdul Rauf Shakoori Pakistan’s taxation framework has long faced widespread criticism for falling short of global standards, underperforming in revenue collection, and failing to contribute optimally to the country’s fiscal requirements. The narrow…
FBR’s persistent failure in tax broadening
Huzaima Bukhari & Dr. Ikramul Haq “In FY 2024-25, percentage share of withholding taxes in total Income tax collection was 59% compared to 60% in previous financial year. WHT collection reached Rs. 3,381.5 billion, a significant increase…
FATF’s updated procedure for mutual evaluation
Dr. Ikramul Haq & Abdul Rauf Shakoori The latest update of Financial Action Task Force (FATF) to its mutual evaluation, follow-up, and International Co-operation Review Group procedures read in conjunction with the Consolidated Processes and Procedures for…