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Dr. Ikramul Haq Prime Minister Imran Khan on October 3, 2019 approved an ambitious three-year plan to conduct nationwide surveys for tax assessment, evaluating wealth parked in real estate and implementing a new value added tax system and “setting up the Pakistan Revenue Authority (PRA)...

Dr. Ikramul Haq According to a Press report, Chairman Federal Board of Revenue (FBR), Shabbar Zaidi, has shown flexibility over establishment of Pakistan Revenue Authority (PRA) after strong resistance from the personnel he is presently heading. He ensured them that the new body would not...

Huzaima Bukhari “When laws do not rule, there is no constitution”—Aristotle in The Politics. There is always a tendency to follow precedents. This means that once an example has been set, the subsequent response is to continue walking on the path set by the predecessors...

Huzaima Bukhari & Dr. Ikramul Haq Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are identified as growth-oriented reforms. To the extent that they reduce distortions to economic decisions on work, saving, investment and consumption, they should increase output and...

Huzaima Bukhari & Dr. Ikramul Haq The imposition of 7.5% sales tax on restaurants through Finance Act 2019 by the National Assembly, energetically defended by the Chairman of Federal Board of Revenue (FBR), is patently unconstitutional being in violation of Article 142 of the Constitution...