Mandviwalla vs Sheikh
Serious charges are surfacing against the newly appointed Finance Minister Saleem H. Mandviwalla and lately the three-year reign of Dr Hafeez Sheikh marked by unsustainable reliance on domestic borrowing, poorly…
A consensus on the economy
Endorsing the previous government’s relief package by turning down the summary of the Oil and Gas Regulatory Authority (Ogra) for an increase in prices, Prime Minister Shahbaz Sharif has decided…
The quest for CoE has intensified
The need for Charter of Economy is once again being voiced by businesspeople and politicians alike. Early this week, the business community strongly underscored the need for signing a Charter of…
Sanctity of data
The most ill-advised appointment by the Caretaker government with respect to the economy has been to transfer Tariq Mehmood Pasha as Secretary Ministry of Statistics effective 1 July 2018 -…
‘Suitable boy’
IN July last year, just before the general elections, it was argued in these very pages that the political parties in the electoral fray should stop wasting everybody’s time by…
Pragmatic case selection model for audit – II
In Nestle Pakistan Limited etc. v Federal Board of Revenue [(2017) 115 TAX 84 (H.C. Lah.)], Lahore High Court held that "FBR shall rectify the defects pointed out, hereinbefore, in…
The tenth IMF review
The tenth review of the 6.64 billion dollar Extended Fund Facility between the International Monetary Fund (IMF) team and the Pakistan authorities began in Dubai this week past. There is…
No end to tax amnesties – I
Pakistan is a unique country where the governments-military and civilian alike-have been frequently introducing amnesty schemes allowing whitening of dirty money. In other words, both the Legislature and Executive are…
Tax evasion and legislators
Allegation of the Federal Information Minister in a press conference on November 27, 2014 that Chairman of Pakistan Tehreek-e-Insaf, Imran Khan, and other prominent leaders of his party are "tax…
Finance Bill 2013: Meaningful suggestions
Senate Standing Committee on Finance sent a number of meaningful, though unbinding, recommendations to the National Assembly on 21st June, 2013. Finance Minister Ishaq Dar ignored all of them while…
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