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CBR needs to reprioritize tax audit

Huzaima Bukhari & Dr. Ikramul Haq Since the promulgation of Income Tax Ordinance, 2001, the Central Board of Revenue (CBR, from 15th September to be renamed FBR) has miserably failed to prioritise its audit resources to focus on key areas…

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Critique of extractive capitalism—II Surplus, wealth circulation & human development

  Dr. Ikramul Haq Modern economic systems continue to operate on a foundational assumption: accumulation drives growth. Wealth concentration is often portrayed as a necessary by-product of innovation, efficiency and productivity. Nevertheless, contemporary evidence increasingly suggests that excessive accumulation (extreme…

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Critique of extractive capitalism—I Growth, inequality & insecurity

    Dr. Ikramul Haq   Modern capitalism has become extractive, concentrating wealth and generating insecurity. Traditional socialism also failed to protect individual autonomy. A humanistic economic framework is needed—one that promotes cooperation, economic security and development of human potential….

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