Registration of ships and issues of tax liability
Registration of ships is an important area in merchant shipping. The subject is also governed by the UN Convention on conditions for registration on ships 1986. The convention lays down…
Sales tax on services exported
Service is an activity which provides satisfaction to a person or entity in which role of goods transfer is incidental. In many of the services, separation of goods from the…
The significance of May 11
May 11 is not far away at all now. In fact, it lies just around the corner and, naturally enough, campaigning is on in earnest – with tickets allotted and…
PPP or PML-N?
There’s a severe balance of payment crisis; the SBP is running out of dollars. As a consequence, international investor sentiment is negative. Fiscal indiscipline – the difference between government revenue…
Predatory elites
Pakistan is ruled and controlled by predatory elites in whose hands power and wealth are concentrated. The ruling elites - comprising indomitable military-civil-judicial complex, unscrupulous politicians, mighty religious party leaders,…
Questions needing answers
The coalition partners, who ruled Pakistan during the past five years, claim (except MQM) that their term in office marked the epitome of democracy because it undid what 'dictator' Musharraf…
Pakistan’s economy – II
Lessons of experience Positive policy actionsThe above brief economic history narrative suggests several points. Political leaders, both civil and military, have had a major impact on the course of economic…
Pakistan’s economy – I
Alongsides is the first part of a three-part series by an economist who has reflected on his more than half a century involvement with the country's economy. Pakistan has had…
Towards TARP-II?
In the beginning it was tax evasion, and then became rampant corruption and eventually mafias took over, making the FBR irrelevant in most of the sectors-Ali Arshad Hakeem, Chairman FBR.…
Punctured tax base
The Chairman of Federal Board of Revenue (FBR), while talking to Associated Press of Pakistan on 17th February 2012, conceded that "Pakistan has one of the lowest tax-to-GDP ratios in…
