Need for simple tax laws
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…
Tax amnesty schemes as introduced by Tax Laws (Amendment) Bill, 2012
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…
Lacunae in Pakistani income tax laws
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")…
Reforms in tax laws – I
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…
Got taxes? Post-budget survival guide
Are you feeling disgusted and enraged post-budget 2024? Because every salaried person in the country rightfully is. We have known for decades that there is a need to broaden the…
Regressive taxes, neglected reforms
Pakistan’s reliance on bilateral, trilateral, and friendly countries to fulfill its financial requirements not only undermines its sovereignty, but also intensifies the hardships of its citizens. Despite engaging in numerous…
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…
Low taxation of property
The recent revelation of massive investment in property by Pakistanis in Dubai of over $11 billion has not only raised issues of the exit of capital from Pakistan but also…
Transparency, taxation & reforms
Macroeconomic conditions have improved over the course of the program. Growth of 2 percent is expected in FY24 given continued recovery in the second half of the fiscal year. The…
Towards a fairer tax system
The World Bank, in its latest report, ‘Pakistan Development Update’, issues a stark warning: in the current fiscal year, the country’s fiscal deficit is projected to skyrocket to a staggering…
