IMF & Pakistan: Yet another programme!
Dr. Ikramul Haq & Abdul Rauf Shakoori The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan for the first review under the US$7 billion 37-month Extended Fund Facility (EFF) programme, and a new 28-month arrangement under…
Beyond Section 165: A Judicially Guided, Technology-Driven Framework for Withholding Tax Enforcement under Sections 161 & 162
Muhammad Saqib Raza, Advocate High Court Section 165 of the Income Tax Ordinance, 2001 [“the Ordinance”] read with relevant rules obligates taxpayers or prescribed persons to file monthly, quarterly, and annual withholding tax (WHT) statements with the…
آئین کی بالادستی سے ہی بقا ممکن ہے
آئین کی بالادستی سے ہی بقا ممکن ہے حذیمہ بخاری، ڈاکٹر اکرام الحق مقننہ خودمختار ہے لیکن اسلامی جمہوریہ پاکستان کے آئین کی بالادستی ہر چیز سے بالاتر ہے — قانون ساز درحقیقت آئین کے فریم ورک کے اندر…
Unconstitutional “windfall tax”
Huzaima Bukhari, Dr. Ikramul Haq & Syed Muhammad Ijaz Banks have regular windfall income from dealing in foreign currencies—oxymoronic treatment by SRO. 1588(I)/2023 dated 21.11.2023 In Pakistan, Federal Board of Revenue (FBR) is de facto legislature…
Lies, Lies, Lies
Huzaima Bukhari “People are so docile right now. It is almost as if good government means that when the politicians lie to us for our own good, for the public good, and bad government is when politicians…
Pakistan: In dire need of reforms
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The economic situation in Pakistan remains complex, with fluctuating growth rates, high prices of commodities, and economic disparities shaping the financial framework. The persistent fiscal deficit, compounded by…
Pakistan Day, Debt Crisis & Way Out
Dr. Ikramul Haq & Abdul Rauf Shakoori The nation celebrated yet another Pakistan Day yesterday, a historic occasion commemorating the Lahore Resolution of 1940, which laid the foundation for an independent Muslim state in the subcontinent. This…
Pakistan Day’s Resolve
Dr. Ikramul Haq The 26th Constitutional Amendment (CA) passed by Pakistan’s Parliament is a blow to judicial independence, the rule of law, and human rights protection—International Commission of Jurists, October 21, 2024 Pakistan’s government has passed…
86th Pakistan Day Sill In Search Of Direction
Dr. Ikramul Haq The nation will celebrate tomorrow 86th Pakistan Day, with the hope that the present hybrid-plus government, working on the dictates of those who matter in the Land of Pure, will strive to forge a broad…