Pakistan’s economic stability hinges significantly on its ability to curb tax evasion and illicit trade. One of the initiatives in this regard is the Federal Board of Revenue’s (FBR’s) Track…
The tax on Advance-to-Deposit Ratio (ADR) was introduced through the Finance Acts of 2021 and 2022 approved by Pakistan’s National Assembly and these provisions are being enforced by the Federal…
Globally, tax crimes have always been a significant threat to economic stability and governance. These offences that include tax evasion, fake invoicing, refund fraud, and misreporting of income, lead to…
Pakistan faces a pressing need for a sustainable tobacco taxation policy, particularly as tobacco use imposes severe health and economic burdens on the country. With over 160,000 deaths annually due…
A new important piece in the legal domain of Pakistan’s public finance management system is the National Fiscal Pact (NFP), which reportedly all four provinces have now signed onto. The…
Pakistan has been facing the perpetual challenge of expanding its tax base without any tangible results, a situation that is quite ironic given its need for broader revenue sources to…
PAKISTAN’S inability to generate enough revenue means it invariably finds itself at the mercy of international lenders. Currently, we are signatories to an IMF deal that binds the government to…
Prime Minister Shehbaz Sharif has a strong connection with the business community, especially with the Lahore Chamber of Commerce, as he has served as its president and is well-acquainted with…
The Organisation for Economic Co-operation and Development (OECD), an international organization dedicated to promoting economic development and cooperation among its member countries, conducts extensive research and analysis on a wide…
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…
