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Dr. Ikramul HaqThe News on Sunday |
The low degree of accountability of expenditures has made the revenue collection system more vulnerable to frequent restructuring. Placing...
The just ending of 2024 witnessed the pathetic and disappointing performance of the Federal Board of Revenue (FBR) and provincial tax agencies in...
27 December 2024 marks the seventeenth death anniversary of Benazir Bhutto. She sacrificed her life courageously while resisting the agenda of...
The government…introduced a bill in the National Assembly seeking to ban the purchase of cars, properties, and the opening of bank accounts by “...
The Ministry of Finance informed the National Assembly that more than Rs. 3.38 trillion has been collected from mobile phone users over the period...
“Although the Punjab Assembly passed the Agriculture Income Tax Amendment Act of 2024, it fell below the desired target of raising the agriculture...
The Pakistan Tehreek-e-Insaf (PTI) convoy, led by Bushra Bibi, the wife of Imran Khan, is approaching Islamabad's Zero Point, which has been taken...
The Supreme Court of Pakistan on November 15, 2024, heard after a lapse of more than six years, Suo Motu Case No. 2 of 2018 on ‘Maintaining of...
This is the second part of a two part series. You can read the first part here. The biggest challenge on the tax mobilisation front faced by the...
“The FBR has already faced a revenue shortfall of Rs189 billion in the first four months of the current fiscal year. It is projected that this...
Pakistan has missed three out of five major fiscal conditions set by the International Monetary Fund (IMF) for the first quarter of fiscal year...
The 26th Constitutional Amendment (CA) passed by Pakistan’s Parliament is a blow to judicial independence, the rule of law, and human rights...
90% of Pakistan’s population does not pay taxes. Out of 43 million households in the country, only 4 million are registered taxpayers……. retired...
“ Mauritius Revenue Authority disburses all social payments, including negative income tax, special allowance, pregnancy allowance, children...
The interim Government [of Bangladesh] on September 28, 2024, restructured an inter-agency task force meant to bring back money illegally taken...
The government has decided to abolish non-filers from the tax laws and gradually ban their 15 types of activities, as it has won rare support from...
The available data confirms that every year, more cases are filed than disposed of—choking the justice delivery system. Despite this critical...
The Tax Laws (Amendment) Act, 2024, which was passed by the National Assembly on April 29, 2024, and received assent from the President of Pakistan...
"Restoring economic security to the working class will require tackling monopoly power, sweeping reforms to our tax code, labour laws, and trade...
My personal experience has shown that the business community genuinely wants to pay taxes but is often intimidated by the system…. A rough estimate...
In his first public appearance after the IMF removed Pakistan from its August 30th board meeting agenda, the finance minister sought to reassure...
Many Pakistanis, especially the youth in colleges and universities, while celebrating Independence Day every year, express bafflement as to how a...
Pakistanis have endured 77 years of a painful journey comprised of unprecedented suffering. The misery of the poor and less privileged will...
“ Inflation is always and everywhere a monetary phenomenon”—Milton Friedman “A deficit is only evidence of overspending if it sparks...
For two countries with almost the same cost of living, income tax on salaried employees in Pakistan is up to 9.4 times that in India - see...
“Taxing agriculture is a core component of the International Monetary Fund's new program for Pakistan and is critical to its success. If the...
“Taxes allow the government to collect money from people who have it, which means taxes are looked upon as a way to transfer money to the federal...
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