Advance tax, refunds & compensation
Huzaima Bukhari & Dr. Ikramul Haq A cursory look at the annual year books published by the Federal Board of Revenue (FBR) after the promulgation of Income Tax Ordinance, 2001 [made effective from tax year 2003, hereinafter “the Ordinance”] confirms…
FBR: proposals for status quo
Dr. Ikramul Haq Every year before the preparation of annual federal budget, the Federal Board of Revenue (FBR) seeks proposals from officers, trade/professional bodies, tax bars, and other stakeholders—this has become a ritual. Each year, after this futile exercise, the…
Welfare Laws & Role of State
Huzaima Bukhari & Dr. Ikramul Haq ‘Pakistan People’s Party regime from 1971 to 1977 provided some sort of socialistic framework for the economy. The validity of measures taken during that time will be judged by history. The purpose of this…
Satti and police highhandedness
Huzaima Bukhari “Is adult amusement killing our children, or is killing our children amusing adults”―Marilyn Manson The year 2021 opened with the tragic death of Usama Nadeem Satti, a 21 years old Pakistani civilian youth, resident of the capital city,…
FATF, Pakistan & TBML
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori International trade networks can attract criminals and terrorists financiers who exploit the interconnected supply chains to launder the proceeds of crime or finance terrorism. Recognising trade-based money laundering is difficult, particularly…
Meeting FATF’s remaining requirements
Dr. Ikramul Haq Much has been written on meeting the remaining six challenges posed by Finical Action Task Force (FATF) and how to come out of grey list for which February 2021 is the deadline. The ‘Jurisdictions under Increased Monitoring–23…
Unconstitutional asset-whitening & amnesty schemes
Huzaima Bukhari & Dr. Ikramul Haq When NAB Ordinance, 1999 is effective from 1st January 1985, how could Foreign Assets (Declaration and Repatriation) Ordinance, 2018, Voluntary Declaration of Domestic Assets Ordinance, 2018 [became Act in Finance Act 2018] and the…
Remembering Benazir Bhutto
December 27, 2020 marks the 13th death anniversary of Shaheed Mohtarma Benazir Bhutto, became first female Prime Minister of Muslim World in 1988. She served two terms as prime minister of Pakistan, in 1988–90 and in 1993–96. In recognition of her great services,…
Exploiting the powerless
Huzaima Bukhari “People will continue to commit atrocities as long as they believe in absurdities”―Voltaire As reported on 19 December 2020, Faheem Ahmed, a school teacher and resident of Thatta died of cardiac arrest soon after he received a notice…