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Dr. Ikramul Haq The National Assembly, through Finance Act 2012, amended section 37(5) of the Income Tax Ordinance, 2001 and for the first time levied income tax on capital gain of immovable property. Punjab levied a similar tax in Finance Act 2013 contesting the authority...
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Huzaima Bukhari & Dr. Ikramul Haq All efforts in the name of tax reforms undertaken in Pakistan till today have miserably failed. These were nothing but mere patchwork here and there. Institutional reforms based on restructuring and redesigning of tax system have not been given...
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Huzaima Bukhari & Dr. Ikramul Haq It is an undeniable fact that the majority of Muslim world is faced with serious problems of income inequalities and injudicious distribution of wealth amongst the various segments of society. Even in the oil-rich countries, the divide between the...
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Remembering Mohtarma Fatima Jinnah Huzaima Bukhari & Dr. Ikramul Haq March 8 marks International Women’s Day. On this day while highlighting the issues faced by women all the world and in Pakistan, we must remember Mohtarma Fatima Jinnah, who not only participated in the independence...
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Dr. Ikramul Haq As two-thirds of the tax collected is in the form of indirect taxes and one-fourth of the entire amount comes from petroleum and petroleum products at various stages (which is passed on to consumers), the overall incidence is regressive— Ishrat Husain, Governing...
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