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Huzaima Bukhari & Dr. Ikramul Haq The Pakistan Tehreek-i-Insaf (PTI) on assumption of power in August 2018 with the help of coalition partners, after general elections held on July 25, 2018, contrary to its election promises, failed to undertake much-needed and long-delayed fundamental structural reforms...

Huzaima Bukhari & Dr. Ikramul Haq The Income Tax Ordinance, 2001, was promulgated by General Pervez Musharraf, through a Presidential Ordinance on September 13, 2001 repealing Income Tax Ordinance, 1979, which was also introduced by a military dictator, General Zia-ul-Haq. Section 1(3) of Income Tax...

Huzaima Bukhari “When the leaders choose to make themselves bidders at an auction of popularity, their talents, in the construction of the state, will be of no service. They will become flatterers instead of legislators; the instruments, not the guides, of the people”—Edmund Burke Without...

Huzaima Bukhari & Dr. Ikramul Haq Federal Board of Revenue (FBR) recently sought the guidance of clergy on the issue of taxation of Islamic financial instruments. In this regards, the following Press Release was sent to media by FBR on August 17, 2008: “Islamic Finance...

Huzaima Bukhari “Walaqad khalaqnal insaana wa na’alamo maa tuwaswiso behi nafsohu wa nahno aqrabo ilaihi min hab’l an’wareed  And indeed it is We Who created humankind, and fully know what their souls whisper to them, and We are closer to them than (their) jugular vein”—Al-Quran...