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Constitutionality Of SROs

Constitutionality of SROs

The federal and provincial tax codes of Pakistan contain numerous exemptions and concessions while many are added, modified or withdrawn through executive orders, called statutory regulatory orders (SROs). These exemptions…

Budget Proposals-VI: No SROs Please!

Budget proposals-VI: No SROs please!

The Finance Minister, Senator Ishaq Dar, in a press conference held on May 11, 2015, claimed that through recently-promulgated Finance (Amendment) Ordinance, 2015, power of Federal Board of Revenue (FBR)…

Reimagining governance

In the 1990s, Pakistan was the richest country in South Asia. Today it is one of the poorest. In 1995, Pakistan ranked six places ahead of India and 18 places…

Countering sales tax frauds

Globally, tax crimes have always been a significant threat to economic stability and governance. These offences that include tax evasion, fake invoicing, refund fraud, and misreporting of income, lead to…

Partnerships for resilience

THE donor’s conference in Geneva on Jan 9 offers this country a rare opportunity to engage with friends of Pakistan in a long-term partnership for resilience. Building on the high-profile…

Budget: rationalise taxation

On the eve of another ritual exercise of announcing federal budget, official date has yet to be finalised, expected on June 12, 2024, there is a need to re-evaluate tax…

Budget & tax policy

‘The impact of economic growth on the lives of people is partly a matter of income distribution, but it also depends greatly on the use that is made of the…

Path to prosperity: budget priorities

The recently announced budget for the fiscal year 2023-2024 in Pakistan has sparked discussions among experts and stakeholders. The MacroPolicy Lab at PIDE organized a Twitter space discussion to analyze…

IMF, Constitution & tax codes

“The International Monetary Fund (IMF) on Monday urged Pakistan to follow the Constitution in order to resolve its political disputes, as Prime Minister Shehbaz Sharif contacted Managing Director Kristalina Georgieva…