Huzaima Bukhari & Dr. Ikramul Haq The poor genuine exporters were left begging for their refunds but fraudsters made up bogus documentation and decamped with huge amounts, unpunished and unquestioned—Tahir Jahangir, Chairman, Towel Manufacturers Association of Pakistan The Chairman of Towel Manufacturing Association in Sales Tax refunds: the fiasco unfolding[Business Recorder, December 18, 2019] has...Read More

Huzaima Bukhari “The rule of law is the basis for any democracy. And without the rule of law in democracy, you have chaos”—Meles Zenawi, 13th Prime Minister of Ethiopia from 1995 to his death in 2012 According to the World Justice Project Report 2017-2018 (WJPR), as far as rule of law is concerned, out of...Read More

Huzaima Bukhari & Dr. Ikramul Haq An unusual decline in revenue collection and steep rise in current expenditures caused a deterioration in all major fiscal indicators during FY19. The overall budget deficit during the year stood at a historic high of 8.9 percent of GDP, which was also in excess of the 4.9 percent target...Read More

Huzaima Bukhari & Dr. Ikramul Haq An unusual decline in revenue collection and steep rise in current expenditures caused a deterioration in all major fiscal indicators during FY19. The overall budget deficit during the year stood at a historic high of 8.9 percent of GDP, which was also in excess of the 4.9 percent target...Read More

Huzaima Bukhari & Dr. Ikramul Haq “An unusual decline in revenue collection and steep rise in current expenditures caused a deterioration in all major fiscal indicators during FY19. The overall budget deficit during the year stood at a historic high of 8.9 percent of GDP, which was also in excess of the 4.9 percent target...Read More

Dr. Ikramul Haq The poor genuine exporters were left begging for their refunds but fraudsters made up bogus documentation and decamped with huge amounts, unpunished and unquestioned—Tahir Jahangir, Chairman, Towel Manufacturers Association of Pakistan The allegations levelled in article, written by Chairman of Towel Manufacturing Association that Federal Board of Revenue (FBR) is blocking genuine...Read More

Huzaima Bukhari “Under all wrongdoing lies personal vanity of the feeling that we are endowed and privileged beyond our fellows”―James Stephens, Irish novelist and poet If someone has willfully committed a wrong, it should be admitted and the victim must be duly indemnified. At least this is the most one can do as a human...Read More

Huzaima Bukhari & Dr. Ikramul Haq On September 13, 2001, the duo of General Pervez Musharraf [who seized power in a military coup on October 12, 1999 and resigned on August 18, 2008 from the presidentship to avoid impeachment, now awarded capital punishment for alleged high treason by the special court—detail order is still not...Read More

Huzaima Bukhari & Dr. Ikramul Haq INTRODUCTION In view of the hierarchical character of the judicial system in Pakistan, it is of paramount importance that the law declared by courts should be certain, clear and consistent. Inconsistencies create distrust in the administration of justice. It is an established fact that most decisions of the courts...Read More

Dr. Ikramul Haq Even with a steep decline in development spending, total spending grew by 11.3 percent during FY19. The major push came from current expenditures, which grew by 21.3 percent on top of 12.6 percent growth last year— The State Bank of Pakistan (SBP) in its ‘Annual Report 2018-19—The State of Pakistan’s Economy For...Read More