Afghan elections
Cocktail of arms, poppy and politicsHuzaima Bukhari & Dr Ikramul HaqAmerican-sponsored elections in Afghanistan today—amidst inveterate attacks by the Taliban—are going to have serious impact for the entire region in the coming days. The war-stiffen country—occupied by NATO-US troops—no matter…
Income Tax Ordinance, 2001
Advance tax or extortionate moneyHuzaima Bukhari & Dr. Ikramul HaqAfter the Second World War, the provision of advance tax [now encased in section 147 of the Income Tax Ordinance, 2001 [hereinafter “the Ordinance”] was introduced as a measure to combat…
Comments on Draft Income Tax
Alternate Dispute Resolution RulesHuzaima Bukhari & Dr. Ikramul HaqHuzaima Bukhari & Dr. Ikramul Haq, leading tax consultants, are well-known authors of many books on Pakistani tax laws. They work for a multi-disciplinary firm, HUZAIMA & IKRAM (fax: +92 42 5310721,…
Why temporary judges at High Court?
Huzaima Bukhari & Dr. Ikramul HaqThe advocates of independence of judiciary at the time of appointment of judges in High Courts on temporary basis themselves commit unconstitutional act. This practice is going on for the last many years –during all…
Acts of treason—going unnoticed
Huzaima Bukhari & Dr. Ikramul Haq“Syed Jamaat Ali Shah, former commissioner of Pakistan Commission of Indus Water, whose name was put on the Exit Control List after it was established that he had helped and facilitated India in building a…
ACCOUNTING OF INDEX FUTURES TRANSACTIONS
Dr. Ikramul HaqThis article deals with Accounting of Derivatives and attempts to cover the Pakistani scenario in some depth. The areas covered are Accounting for Foreign Exchange Derivatives and Stock Index Futures. Stock Index Futures are provided more coverage as…
ACCOUNTING OF INDEX FUTURES TRANSACTIONS
Dr. Ikramul HaqThis article deals with Accounting of Derivatives and attempts to cover the Pakistani scenario in some depth. The areas covered are Accounting for Foreign Exchange Derivatives and Stock Index Futures. Stock Index Futures are provided more coverage as…
NAB, NRO, corruption and democracy
Huzaima Bukhari & Dr. Ikramul HaqPakistan has been facing grim challenges of corruption, fiscal crimes, tax evasion, plundering and wasting of taxpayers’ money. No serious effort has ever been made for countering rent-seekers. Lack of accountability and unprecedented tolerance towards…
Campaign for accountability and reforms
Huzaima Bukhari & Dr. Ikramul HaqThe process of accountability must start from those who judge and adjudge others. Any process of accountability that lacks confidence, transparency and consensus is bound to fail, even bounce back. For sustainable democracy, accountability of…