Dr. Ikramul Haq Every year before the preparation of annual federal budget, the Federal Board of Revenue (FBR) seeks proposals from officers, trade/professional bodies, tax bars, and other stakeholders—this has become a ritual. Each year, after this futile exercise, the Finance Bill become more hopeless...
Dr. Ikramul Haq In the last week’s column, it was promised that till February 15, 2021, deadline set by the Federal Board of Revenue (FBR), for seeking proposals from all stakeholders, some concrete measures will be suggested rather than “meaningless amendments in tax codes, imposing...
Huzaima Bukhari & Dr. Ikramul Haq “If we realise that the FBR cannot be fixed, we will create a new FBR. This is because Pakistan’s survival is linked to it. It’s not about our liking or disliking: if our tax collection authority does not function...
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori Under the Anti-Money Laundering Act, the Federal Board of Revenue is responsible for ensuring that designated non-financial businesses and professions (DNFBPs) including real estate agents, dealers in precious metals and stones, and FBR-supervised accountants comply with...
Challenges & Solutions Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori “Since June 2018, when Pakistan made a high-level political commitment to work with the Financial Action Task Force (FATF) and Asia Pacific Group On Money Laundering (APG) to strengthen its Anti Money Laundering/Combating...
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