Huzaima Bukhari “Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body—the producers and consumers themselves”—Herbert Hoover Over a span of thirty years a well-to-do family was reduced from...
Dr. Ikramul Haq The main cause of our pathetic economic situation is existence of outdated, inefficient, corrupt and repressive institutions that are totally indifferent towards the welfare of the common people and making the state an economically viable entity. The successive governments’ ill-conceived, onerous and...
Dr Ikramul Haq The most dreadful aspect of the five-year term (2013-18) of Pakistan Muslims League (Nawaz)—[PMLN] was leaving behind a monstrous public debt touching the level of 71% of the GDP—unprecedented in our economic history. The Opposition parties failed to raise an effective voice...
Tapping the real potential Huzaima Bukhari & Dr. Ikramul Haq A country’s tax gap is measured by the amount of tax that remains uncollected due to non-compliance with tax laws.‘Pakistan Tax Gaps: Estimates by Tax Calculation and Methodology’(http://aysps.gsu.edu/isp/files/ispwp0811(1).pdf), a joint study of Federal Board of...
Dr. Ikramul Haq The Government of Pakistan Tehreek-i-Insaf (PTI) has finally notified its first asset/income/expenditure whitening scheme—Assets Declaration Ordinance, 2019. Promulgated as Presidential Ordinance on May 14, 2019, the scheme gives generous incentives to those who have not been paying their taxes honestly, concealing and/or...
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