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Dec 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Huzaima Bukhari And Dr Ikramul Haq

Fiscal challenges before Hafeez Shaikh
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Fiscal challenges before Hafeez Shaikh

The reality behind annual growth of 16-20% in revenue collection of Federal Board of Revenue (FBR) from 2013 to 2018 remains untold. The facts reveal that behind the "extraordinary" (claimed and acclaimed) revenue growth lies not only blocking of refunds
Published 26 Apr, 2019 12:00am
PTI: forgotten promises
Markets

PTI: forgotten promises

People of Pakistan in general and businessmen in particular are quite disillusioned with the performance of Pakistan Tehreek-e-Insaf (PTI) after seeing that prices of items of daily use (food, medicines, petrol, utilities) have skyrocketed in just a few m
Published 19 Apr, 2019 12:00am
Another U-turn!
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Another U-turn!

Pakistan is a unique country where the governments-military and civilian alike-have been frequently introducing amnesty schemes allowing whitening of untaxed/undeclared assets. Historically, both the Legislature and Executive have always shown keenness in
Published 12 Apr, 2019 12:00am
The 'POL bomb'
Markets

The 'POL bomb'

Rising need of petroleum and its heavy taxation leaves the common man stripped of his earnings, and renders the lives of the poor more miserable than before, but despite all these, brings in super duper profits to the petroleum companies and revenues in t
Published 05 Apr, 2019 12:00am
Budget 2019-20: Essential reforms
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Budget 2019-20: Essential reforms

In this article, we are presenting some fundamental institutional/structural reforms in tax system prior to announcement of budget 2019-20. For the last many decades, the main emphasis of every budget has been meaningless and cumbersome changes in the exi
Published 29 Mar, 2019 12:00am
Challenges for budget makers
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Challenges for budget makers

It is time for the budget-makers of Pakistan Tehreek-i-Insaf to devise a comprehensive strategy to tap the real tax potential of the country, which is not less than Rs 8 trillion at federal level alone. The Federal Board of Revenue (FBR) has been employin
Published 22 Mar, 2019 12:00am
Optimizing tax Collection
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Optimizing tax Collection

"If we realise that the FBR cannot be fixed, we will create a new FBR. This is because Pakistan's survival is linked to it. It's not about our liking or disliking: if our tax collection authority does not function properly, it could lead to a security ris
Published 15 Mar, 2019 12:00am
International Women's Day: Remembering Mohtarma Fatima Jinnah
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International Women's Day: Remembering Mohtarma Fatima Jinnah

March 8 marks Interna-tional Women's Day. On this day, while highlighting the issues faced by women all the world and in Pakistan, we must remember Mohtarma Fatima Jinnah, who not only participated in the independence movement during the lifetime of Quaid
Published 08 Mar, 2019 12:00am
Fixing the ailing tax system
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Fixing the ailing tax system

On February 22, 2019, the Government of Tehreek-i-Insaf (PTI) published two tax directories- 'Parliamentarians Tax Directory' and 'Tax Directory for the year ending 30 June 2017' (these have been tabulated from returns filed manually and electronically ti
Published 01 Mar, 2019 12:00am
Rich-poor widening gap
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Rich-poor widening gap

A number of studies confirm that rich-poor divide in Pakistan is widening alarmingly. According to conservative estimates, 63% of poor in Pakistan are in the category of 'transitory poor'. The rest of 32% and 5% of the population-subsisting below the pove
Published 22 Feb, 2019 12:00am
Local govts & taxes
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Local govts & taxes

In Pakistan, the poor are subjected to heavy and oppressive taxes, whereas the members of militro-judicial-civil complex, absentee landowners and businessmen-turned-politicians enjoy numerous tax breaks, unprecedented perks and perquisites, benefits, incl
Published 15 Feb, 2019 12:00am
Tax reforms with borrowed funds!
Markets

Tax reforms with borrowed funds!

According to a report, the government of Pakistan Tehreek-e-Insaf (PTI) "is seeking $400 million or Rs56 billion loan from the World Bank (WB) for a risky venture of fixing the country's ailing tax system amid apprehensions that foreign-funded reforms pac
Published 08 Feb, 2019 12:00am
Post-18th Amendment fiscal challenges
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Post-18th Amendment fiscal challenges

The fiscal management in the wake of 18th Constitutional Amendment [the "18th Amendment"] has been posing serious challenges for all. The problems diagnosed by experts are ambiguity over taxation rights between federation and its units, weak administrativ
Published 18 Jan, 2019 12:00am
State oligarchy & tax breaks
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State oligarchy & tax breaks

In a country where development outlay is cut drastically every year and an indomitable State Oligarchy enjoys unprecedented tax-free perquisites and perks at the expense of taxpayers, what can one expect other than fiscal chaos and double talk about loyal
Published 11 Jan, 2019 12:00am
Unclogging the justice system
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Unclogging the justice system

After taking oath on December 31, 2016 as 25th Chief Justice of Pakistan (CJP), Mian Saqib Nisar, repeatedly stressed the need for speedy justice. However, near to his retirement (January 17, 2019), things have further deteriorated, instead of improving.
Published 04 Jan, 2019 12:00am