Dr. Ikramul Haq* I. INTRODUCTION In the context of the prevailing grave financial crises in the country and the problem of ever-growing black money, (which according to official and independent experts is around Rs. 1.8 trillion, about 70 % of the total economy!), there...
Huzaima Bukhari & Dr. Ikramul Haq The perpetual failure to tap the actual tax potential, which is not less than Rs. 8 trillion, has forced the successive governments to rely more and more on external and internal borrowings, pushing the country into a ‘debt prison’....
By Dr. Ikramul Haq* I. INTRODUCTION The Central Board of Revenue (CBR) in its Circular No. 4 of 2000 dated 1st March, 2000, issued under Section 59D of the Income Tax Ordinance, 1979, unveiled yet another tax amnesty scheme to unearth black money. From...
By Dr. Ikramul Haq* The country’s banks and other financial institutions wrote off a staggering amount of over Rs 30 billion during the governments of Muhammad Khan Junejo, Benazir Bhutto and Nawaz Sharif. Two-thirds of the total loans – Rs. 22.35 billion – were written...
Dr. Ikramul Haq The process of accountability must start from those who judge others. Any process of accountability lacking credibility and transparency is bound to fail, even bounce back. For sustainable democracy, accountability of all through an impartial and competent judiciary is essential. For independent...
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