Determining fair income-tax base
Dr Ikramul Haq According to the latest data available on the website of Pakistan Telecommunication Authority (PTA), the total number of cellular subscribers as on January 31, 2021 were 180 million (84% teledensity), out of which 95 million were 3G/4G…
IMF-imposed ‘Ordinance’ & IT exports
Huzaima Bukhari & Dr. Ikramul Haq According 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 issues in erstwhile FATA/PATA
Huzaima Bukhari & Dr. Ikramul Haq The 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,…
Simplification of taxes for growth—III
Huzaima Bukhari & Dr. Ikramul Haq In 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…
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 Munroe In our routine life, we usually take things as they come or move with the…
Taxing ‘Digital Economy’: Global & Domestic Challenges
Huzaima Bukhari & Dr. Ikramul Haq INTRODUCTION The 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…
FBR: achievements & challenges
Dr Ikramul Haq The 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…
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 Jose Much to the surprise of the younger generations, those Pakistanis who opened their eyes in the decades…
FBR’s real estate regulations
Critical analysis under FATF’s guidelines Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori Real 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…