The Constitution (Eighteenth Amend-ment) Act, 2010, [18th Amendment], became effective on April 19, 2010, brought a major shift in Pakistan’s fiscal and administrative architecture. With principal objective of granting greater…
Economists and academics continually seek innovative tax ideas. Led by international financial institutions (IFIs) and their consultants, the prevailing goal in many studies is to tax everything in sight. A…
EACH successive federal government budget reaffirms the scale of Pakistan’s fiscal crisis. This year’s was no different. With debt-servicing and pension payment requirements consuming over half of the federal government’s…
Pakistan’s federal budget for FY2025–26 reveals more than just fiscal arithmetic. It reflects a shifting economic terrain shaped by IMF oversight, macroeconomic consolidation and the intensifying demands of climate resilience…
Budget 2025-26, tabled in the National Assembly on June 10 and nearly drowned out by opposition slogans, has dominated talk shows and tax seminars ever since. Two professional gatherings –…
Donor agencies have been clamouring for reforms in Pakistan’s unfair, inequitable and anomalous tax structure but to date to no avail. Ideally, the onus of tax revenue must shift away…
A wise man once said that the only things certain in life are death and taxes. It would be safe to say that Pakistan’s salaried class – that is, those…
With the federal and provincial budgets due next month, public and business sentiment is once again shadowed by fiscal apprehension. Recently, media reports suggested that the IMF projects Pakistan’s revenue…
The President of Pakistan issued Tax Laws (Amendment) Ordinance, 2025, published in The Gazette of Pakistan on May 2, 2025, made effective at once. Presidential Ordinance No. IV of 2025…
The process of preparation of the federal and provincial budgets is underway now and the respective budgets will be announced in the earlier part of June 2025. One of the…
