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…
Since the promulgation of the Tax Laws (Amendment) Ordinance, 2025, several commentaries have surfaced in editorial columns, professional circles, and even in government forums. They raise misinformed concerns about the…
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…
It began with a bang—quite literally. On April 16, Islamabad was hammered by a freak hailstorm that turned the capital into a scene from a disaster flick. Hailstones the size…
The International Monetary Fund has agreed to lower Pakistan’s tax collection target for the ongoing fiscal year from Rs 12.97 trillion to Rs 12.35 trillion, a move that highlights the…
Discriminatory without intelligible differentia [Points 7 & 8] The Supreme Court of Pakistan in Federation of Pakistan through Chairman FBR and others v Hazrat Hussain and others (2018 SCMR 939)…
EVERY year, close to 164,000 people die due to tobacco use in Pakistan. This means 450 deaths per day, more than 3,100 deaths per week and over 13,600 deaths per…
IF you have travelled on the Grand Trunk Road, which we insist was built by Sher Shah Suri, towards Peshawar, some 90 kilometres from Islamabad, you come across a town…
Banks have regular windfall income from dealing in foreign currencies – oxymoronic treatment by SRO. 1588(I)/2023 dated 21.11.2023. In Pakistan, Federal Board of Revenue (FBR) is de facto legislature (sic)…
The government of Pakistan is in the business of buying and selling electricity. It has so far lost Rs2.4 trillion in this business. The government of Pakistan is in the…
