Huzaima Bukhari & Dr. Ikramul Haq Afghanistan, one of the poorest countries of the world, has been facing all kinds of challenges a nation state can perceive—poverty to terrorism, modernism to theocracy, autocratic rules to socialist regimes, social backwardness to radicalism, lawlessness to Talibanisation, collapse of state institutions to foreign occupation, civil wars to chaos...Read More

Cocktail of arms, poppy and politics Huzaima Bukhari & Dr Ikramul Haq American-sponsored elections in Afghanistan today—amidst inveterate attacks by the Taliban—are going to have serious impact for the entire region in the coming days. The war-stiffen country—occupied by NATO-US troops—no matter who wins—though Hamid Karzai is said to win again—is certainly to be run...Read More

Advance tax or extortionate money Huzaima Bukhari & Dr. Ikramul Haq After the Second World War, the provision of advance tax [now encased in section 147 of the Income Tax Ordinance, 2001 [hereinafter “the Ordinance”] was introduced as a measure to combat inflation and to squeeze large part of the unprecedented amount of money then...Read More

Alternate Dispute Resolution Rules Huzaima Bukhari & Dr. Ikramul Haq Huzaima Bukhari & Dr. Ikramul Haq, leading tax consultants, are well-known authors of many books on Pakistani tax laws. They work for a multi-disciplinary firm, HUZAIMA & IKRAM (fax: +92 42 5310721, e-mail: irm@brain.net.pk; website: http://www.paktax.com.pk) which specialises in international tax, intellectual property, corporate and...Read More

Huzaima Bukhari & Dr. Ikramul Haq The advocates of independence of judiciary at the time of appointment of judges in High Courts on temporary basis themselves commit unconstitutional act. This practice is going on for the last many years –during all the governments—and nobody has ever raised voice against it. The unwanted practice of appointing...Read More

Huzaima Bukhari & Dr. Ikramul Haq “Syed Jamaat Ali Shah, former commissioner of Pakistan Commission of Indus Water, whose name was put on the Exit Control List after it was established that he had helped and facilitated India in building a hydropower project on Pakistan’s Indus River, inflicting huge damage to the country’s water interests,...Read More

Dr. Ikramul Haq This article deals with Accounting of Derivatives and attempts to cover the Pakistani  scenario in some depth. The areas covered are Accounting for Foreign Exchange Derivatives and Stock Index Futures. Stock Index Futures are provided more coverage as these have been introduced recently and would be of immediate benefit to practitioners. International...Read More

Dr. Ikramul Haq This article deals with Accounting of Derivatives and attempts to cover the Pakistani  scenario in some depth. The areas covered are Accounting for Foreign Exchange Derivatives and Stock Index Futures. Stock Index Futures are provided more coverage as these have been introduced recently and would be of immediate benefit to practitioners. International...Read More

Huzaima Bukhari & Dr. Ikramul Haq Pakistan has been facing grim challenges of corruption, fiscal crimes, tax evasion, plundering and wasting of taxpayers’ money. No serious effort has ever been made for countering rent-seekers. Lack of accountability and unprecedented tolerance towards corruption has made Pakistan a powerless State—captive in the hands of ruthless forces representing...Read More

Huzaima Bukhari & Dr. Ikramul Haq The process of accountability must start from those who judge and adjudge others. Any process of accountability that lacks confidence, transparency and consensus is bound to fail, even bounce back. For sustainable democracy, accountability of all—through an independent judiciary—is sine qua non. For independent judiciary, the judges must be...Read More