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Dec 03, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Huzaima Bukhari

The corrupt, tax cheats, 'secrecy' & RTI - II
Opinion

The corrupt, tax cheats, 'secrecy' & RTI - II

The passing of Foreign Assets (Declaration and Repatriation) Act, 2018, the Voluntary Declaration of Domestic Assets Act, 2018, promulgation of the Assets Declaration Ordinance, 2019 and later enacted as the Assets Declaration Ordinance, 2019 as part of F
Updated 13 Jan, 2020 07:10am
The corrupt, tax cheats, 'secrecy' & RTI - I
Opinion

The corrupt, tax cheats, 'secrecy' & RTI - I

2020 has started and apparently everyone has forgotten what the Supreme Court desired in Suo Muto Case No. 2 of 2018, started on February 1, 2018, and what happened thereafter. The last hearing in this case, which is still pending, was held on January 14,
Published 10 Jan, 2020 12:00am
'Unconstitutional' taxation by provinces
Opinion

'Unconstitutional' taxation by provinces

The imposition of any kind of legislation that include levy of any tax or duty, cess etc having extraterritorial impact and involving entities operating on trans-provincial levels by any provincial assembly is patently against Article 141 of the Constitut
Published 03 Jan, 2020 12:00am
2020: main fiscal challenges
Opinion

2020: main fiscal challenges

"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 i
Updated 20 Dec, 2019 04:57am
World Bank-funded tax reforms
Opinion

World Bank-funded tax reforms

The World Bank (WB), in an appraisal paper related to Pakistan Raises Revenue (PRR) has termed "vested interests lobbying for tax exemptions, internal tensions and wariness of change among the Federal Board of Revenue (FBR) staff, and potential disputes a
Published 13 Dec, 2019 12:00am
FY19: FBR's dismal performance - II
Opinion

FY19: FBR's dismal performance - II

Wholesale and retail trade sectors together paid Rs 48.2 billion: Large retail trade (Rs 7.9 billion), small retail trade (Rs 9.7 billion) and wholesale trade (Rs 25.1 billion).
Published 11 Dec, 2019 12:00am
FY19: FBR's dismal performance - I
Opinion

FY19: FBR's dismal performance - I

An unusual decline in revenue collection and a 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
Updated 06 Dec, 2019 07:21am
Challenges on judicial front
Opinion

Challenges on judicial front

The judiciary worked tirelessly to provide justice to the people with less resources. 3,100 judges worked hard and decided 3.6 million cases in a year. Judiciary decides all the cases on merit and does not differentiate between the rich and poor-Chief Jus
Updated 29 Nov, 2019 07:17am
Flawed tax reforms agenda - II
Opinion

Flawed tax reforms agenda - II

In fiscal year 2018-19, total payment, as per budget documents, on account of debt servicing, was Rs 1,987 billion against the budgeted figure of Rs 1,620 billion. Allocation for the current fiscal year is Rs 2,891 billion, 78 percent higher than last yea
Updated 21 Nov, 2019 07:03am
Flawed tax reforms agenda - I
Opinion

Flawed tax reforms agenda - I

Prime Minister Imran Khan's address to the top officials of Federal Board of Revenue (FBR) on November 13, 2019 showed that his three-year-long tax reforms plan, approved on October 3, 2019, lacks proper homework, pragmatic research and solid planning. Af
Updated 15 Nov, 2019 10:40am
Sales tax on restaurants through Finance Act
Opinion

Sales tax on restaurants through Finance Act

The imposition of 7.5% sales tax on restaurants through the Finance Act 2019 by the National Assembly, energetically defended by the Chairman of Federal Board of Revenue (FBR), is patently unconstitutional being in violation of Article 142 of the Constitu
Updated 08 Nov, 2019 08:33am