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…
In 2001, the General Pervez Musharraf-Shaukat Aziz duo decided to promulgate a new income tax law on the dictates of International Monetary Fund (IMF). The move was opposed by us…
Prelude: The Senate Standing Committee on Finance on January 05, 2013 cleared "Tax Laws (Amendment) Bill, 2012" aimed at bringing 3.1 million potential individuals into the tax net with a…
Since the last decade it has been observed that a lot of improvements have been made in the Income Tax Ordinance 2001 (hereinafter referred to as the "I. T. Ord")…
National sovereignty and self-dependence is the foremost requirement of our country. We as a nation have to take such steps which may ensure our sustainable development based on the indigenous…
Apple is lobbying India’s government to modify its income tax law to ensure the company is not taxed for ownership of high-end iPhone machinery it provides to its contract manufacturers,…
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…
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…
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…
