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Dr Ikramul HaqThe Friday Times |
What if the greatest economic problem confronting humanity is not the scarcity of resources but the manner in which abundance is appropriated,...
Pakistan cannot broaden its tax base by repeatedly squeezing people already visible to the State. Artificial intelligence offers a different route:...
Punjab’s official account describes compulsory collection on specified scheduled assets; the State Bank’s 2026 circular separately addresses...
Guvenen and co-authors examine how wealth taxation can shift burdens towards less productive capital holders while improving the position of more...
The refusal mattered as much as the poem: patronage could not purchase the poet’s tongue.4 On the Indian side, Sant Ram Udasi brought the same test...
Equally, a low rate does not establish that its own reduction will generate additional revenue. The researchers could not establish whether compliance...
An empire does not become harmless when its authority weakens. It may become more coercive, while those resisting it may reproduce the same appetite...
India's Cockroach Janta Party (CJP) offers South Asia an uncomfortable lesson: people treated as politically disposable can turn humiliation into...
We have consistently argued that petroleum levy is easy revenue with a heavy cost, used in place of structural tax reform. The import-cost side is...
Pakistan is pursuing the right trade reform while retaining a fiscal design that can defeat it. The National Tariff Policy 2025-30 has begun reducing...
That tension deserves study, not denunciation.5 The disputed account of Ahmad Khan Kharal’s death shows why. Saeed Ahmad Butt, “Rai Ahmad Khan...
It counted roughly 900,000 direct war deaths in its 2021 assessment and more than 38 million people displaced across Afghanistan, Pakistan, Iraq,...
In April 2022, after Imran Khan lost a parliamentary vote of no confidence, Dr. Nadeem Malik, Senior Lecturer, School of Social and Political...
11–15; UNODC, World Drug Report 2026, section on the expansion and geographical flexibility of synthetic drug manufacture. International Narcotics...
A theory popular since 2012 said that Washington's hostility towards Iran was really about defending the "petrodollar". Iraq sold oil...
The 2019 mutual evaluation by the Asia/Pacific Group on Money Laundering, endorsed by the Financial Action Task Force (FATF), identified drug...
Romanticising the Taliban and answering every border failure with force have both imposed costs on civilians without settling the problem.11 The...
Institute for Economics & Peace, Global Terrorism Index 2022, p. 22; Global Terrorism Index 2025; Global Terrorism Index 2026, pp. Institute for...
Part IV will examine that second bargain.9 EndnotesIkramul Haq, Pakistan: From Hash to Heroin (Lahore: Annoor Printers and Publishers, 1991), chapter...
The political importance of such arrangements is evident, but their lasting economic value will depend on whether they produce joint defense...
By 9/11, the United States confronted not a puppet it had designed, but an adversary formed within an infrastructure its policy had helped make...
Pakistan’s debt debate is trapped in the wrong question. Each budget season produces another argument about whether public debt has risen or fallen...
In 1991, ten years before hijacked aircraft struck New York and Washington, Pakistan: From Hash to Heroin recorded a warning that Pakistan chose not...
The government aims for a US$1 trillion economy by 2035, exports above US$100 billion and sustained real growth of about six percent. In September...
The SBP’s Committee on Rural Finance records the rise of cooperative agricultural credit and the creation of the Federal Bank for Cooperatives in...
“The Shudras are the life and sinews of the country”, Jyotirao Phule wrote in Gulamgiri in 1873. More than a century later, researchers in a...
Afghanistan is not cursed because copper lies beneath Logar, lapis beneath Badakhshan or iron beneath Bamiyan. It has been cursed by political choices...
The latest US-Iran exchange and Benjamin Netanyahu's avowed shift from containment to persistent prevention make the 1996 strategy paper newly...
Pakistan must decide how a revised NFC would treat population, poverty, revenue effort, inverse density and other needs before—not after—new...
Asia’s next growth story cannot be imported; Pakistan must acquire the institutions with which to write its own. “Asia’s Next Growth Story.”...
Acemoglu’s working-class liberalism explains why mature democracies are losing legitimacy. Pakistan presents a harder problem: constitutional...
Pakistan’s blue-passport controversy should be read through a short chronology of expanding privileges on the part of militro-judicial-civil complex...
The Saudi Arabia-Türkiye-Pakistan agreement should not be confused with a “Muslim NATO”. Its deeper significance lies in the search for a...
“Small nations have always struggled against more powerful ones for their freedom. The whole history of humankind is a struggle of the oppressed...
A taxpayer who misses a statutory deadline may lose the right of appeal, face recovery proceedings, pay default surcharge and suffer penalties. What...
Pakistan’s primary maritime energy corridors are currently affected by the regional conflict. The Strait of Hormuz has been blocked since the...
Pakistan is once again counting its dead people. Soldiers, police officers, other law-enforcement personnel and civilians are being killed across...
When the first missiles were fired on February 28, 2026, many observers hoped that the conflict would remain geographically confined and...
“The committee had earlier directed the FBR during the previous meeting to submit complete details of taxes assessed, collected, and pending from...
“The 1973 Constitution introduced a bicameral legislature. Equal representation given to all provinces in the Senate was intended to give a measure...
June 26 marks the International Day against Drug Abuse and Illicit Trafficking. According to the United Nations Office on Drugs and Crime (UNODC),...
The Federal Board of Revenue (FBR) is once again being reinvented! The proposed transformation plan envisages a three-wing structure separating audit,...
As we approach the 80th anniversary of the negotiations that led to the United Nations’ Universal Declaration of Human Rights, it is a good time to...
Only “agricultural income” as defined in the Constitution falls within the legislative competence of the provinces, while all other activities of...
Let me offer a rule that peacemakers have long understood. “Peace through strength” is an oxymoron. Soft power directed towards maintaining and...
“A collection of tax where it is not due is as detestable as its non-payment when it is due.” — Nasim Sikander J, in CIT Companies, Lahore v...
The joint recommendations presented on May 12, 2026, by the country’s leading textile and export associations to the Federal Finance Minister,...
“….we are persuaded to hold that Section 7E of the Income Tax Ordinance, 2001, is ultra vires the Constitution, and is accordingly struck down,...
“Section 4C is a distinct charge on a distinctly defined base of income, and takes nothing away from the charge of tax under Section 4 or from the...
“An ideal tax system should consist of the lowest possible tax rate on the broadest possible tax base”— Ibn Khaldun (1332–1406) in Muqaddimah...
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