Afghanistan: present & future challenges
Huzaima Bukhari & Dr. Ikramul Haq Afghanistan, one of the poorest countries of the world, has been facing all kinds of challenges a nation state can perceive—poverty to terrorism, modernism to theocracy, autocratic rules to socialist regimes, social backwardness to…
Afghan elections
Cocktail of arms, poppy and politics Huzaima Bukhari & Dr Ikramul Haq American-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…
Income Tax Ordinance, 2001
Advance tax or extortionate money Huzaima Bukhari & Dr. Ikramul Haq After 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…
Comments on Draft Income Tax
Alternate Dispute Resolution Rules Huzaima Bukhari & Dr. Ikramul Haq Huzaima 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…
Why temporary judges at High Court?
Huzaima Bukhari & Dr. Ikramul Haq The 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…
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…
ACCOUNTING OF INDEX FUTURES TRANSACTIONS
Dr. Ikramul Haq This 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…
ACCOUNTING OF INDEX FUTURES TRANSACTIONS
Dr. Ikramul Haq This 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…
NAB, NRO, corruption and democracy
Huzaima Bukhari & Dr. Ikramul Haq Pakistan 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…