The US Congress has strong arguments for obtaining President Donald Trump's tax returns, but first faces a long court battle that could extend into the 2020 presidential election, some legal…
‘The 2020s are almost halfway over and are on course to be the most difficult decade for the global economy since the 1930s. Every finance minister and central bank governor…
The PBS has released the revised estimate of the GDP growth rate for 2020-21. It has increased to 5.57 percent from the preliminary estimate of 3.94 percent. Clearly, the process…
The first monetary policy statement (MPS) for the year 2020 announced by Governor State Bank of Pakistan maintained the discount rate at 13.25 percent (since July 2019) dashing hopes of…
“If we were to construe Entry 52 of the Legislative List keeping in view the above meanings of the expression “in lieu of”, it becomes evident that the Legislature has…
The failure to tap the actual tax potential by the federal and provincial governments is the real issue and not the Constitution (Eighteenth Amendment) Act, 2010 [hereinafter “18th Amendment”] vis-à-vis…
In the present circumstances, in the forthcoming federal budget, the need for a fair and simple tax system, as elaborate in Towards Flat, Low-rate, Broad and Predictable Taxes [PRIME Institute,…
Pakistani budgets require little executive input, so argue Ministry of Finance officials, as there is little flexibility in terms of changing allocation priorities while revenue generation remains hostage to the…
This is the second of a two part series of articles highlighting some random thoughts on the Covid-19 relief package and its implications on the budget 2020-21. GDP growth is…
Mr. Speaker, 1. I start my submissions with the name of Allah Almighty, the most gracious, the most merciful. It is a matter of great honour and pleasure for me…
