Need for chartered tax institute
To be the premier body providing effective institutional support to members and promoting convergence of interests with government, using taxation as a tool for the nation's economic advancement; and to…
The elephant in the room
Pakistan’s economic performance in 2024 reflects progress in macroeconomic stabilisation but also highlights persistent structural challenges. Amid global GDP growth of 3.0 per cent, Pakistan achieved 2.4 per cent, short…
And audits for all
AN idea is taking shape in a desperate bid to increase revenue collection. This idea would set thousands of auditors loose on those who have been naïve enough to file their tax…
Elite finance ministers
“I COMPLETELY empathise and sympathise [with the people],” remarked Pakistan’s finance minister as the tax-loaded Finance Bill 2024 was passed by the National Assembly. In a country where more than…
Challenges before the new finance minister
President Asif Ali Zardari has taken oath from the newly-inducted Federal Cabinet headed by second time Prime Minister of Pakistan, Shehbaz Sharif. Among the 19-member cabinet, 13 are members of…
Real time access to info and data base
The nature of documentation of Pakistan’s economic environment can be classified into three broad segments as under: 1. Transactions undertaken by the documented sector which are also reflected in ‘tax…
PML-N versus PML-N
The markedly different perceptions of the state of the Pakistan economy today between PML-N’s stopgap finance Minister Miftah Ismail (stopgap as his appointment both times was subject to Ishaq Dar’s…
A tale of two siblings
Monday on October 31, 2022, Chandrasakeran, the Chairman of Tata Sons of India, announced the following: “It is truly a historic day. Today we mark the beginning of full-scale aircraft…
FATF & real estate reforms
The real estate sector is an attractive sector for money launderers. They conceal their illegitimate earnings, disguising their identities and laundering funds. Financial Action Task Force (FATF) is considering revision…
FBR: audit closure, capacity & legality
According to a Press report, the government of Pakistan Tehreek-i-Insaf (PTI) “has quietly closed over 310,000 tax audit cases that had been automatically selected from 2015 to 2017 due to…
