Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are identified as growth-oriented reforms. To the extent that they reduce distortions to economic decisions on work,…
As a staff-level agreement between IMF (International Monetary Fund) and Pakistan following the ninth review of the IMF programme inches ever closer, the government recently announced the Supplementary Finance Bill,…
There is something fundamentally wrong with the structure of distribution of taxing powers between the federation and the federating units. Before independence, the provinces had the exclusive right to levy…
On April 27, 2020, the 9th National Finance Commission (NFC), like 8th NFC, remained fruitless as the federation and its units failed to reach a consensus for distribution of fiscal…
The biggest challenge on tax mobilisation front faced by Federal Board of Revenue (FBR) is bridging monstrous tax gap through automation and introduction of tax intelligence system and not levying…
The government of Pakistan Tehreek-i-Insaf (PTI) has been reminded in these columns time and again that no agenda for simplification of tax system and rationalisation of tax codes can improve…
Raising tax revenues during the third wave of Covid-19 is a daunting task for the policymakers in Pakistan. There are hardly any policy options available for the federal government to…
The budget for fiscal year 2019-20, the first of Government of Pakistan Tehreek-i-Insaf (PTI), is expected on May 24, 2019. Every year before the announcement of annual federal budget-which has…
“The perks culture has also held real estate development hostage for decades as officials seek to reward themselves through plots. Government sponsored developers such as the DHA and Coop societies…
The Federal Board of Revenue (FBR) has achieved a historic milestone of collecting taxes of Rs 4.17 trillion in the first 11 months of the current fiscal year, for which…
