Identity theft and benami law in Pakistan
Readers may test their vocabulary before reading this article by asking themselves meaning of the word “benami” in common parlance. Many people might have never heard this word and many…
Need for income tax law – III
Part 2 - Special Cases 66. (1) Where a person dies, his legal representative or the executor shall be liable to pay any sum, which the deceased would have been…
Anti-money laundering regulations and fiscal laws – I
General perception about money laundering 'Money laundering' in general sense means, actions and processes of projecting money acquired as proceed of crime as untainted money. This subject gained international significance…
General’s ‘general law’ vs ‘special law’
The Income Tax Ordinance, 2001 was promulgated by General Pervez Musharraf, through a Presidential Ordinance on September 13, 2001, repealing the Income Tax Ordinance, 1979, which was also introduced by…
Labour laws and productivity
Labour laws should also spotlight on productivity rather than the dampening effects of archaic laws from the times of Industrial Revolution that have hampered rather than promoted productivity. Labour laws…
Elite capture and lack of rule of law
The country will pay a heavy cost for the most recent appalling example of vigilantism in the name of religion as evidenced in Sialkot, roundly denounced by the country’s military…
Law of binding precedents – II
Binding principles for high courts: Under Article 201 of Constitution subject to Article 189 any decision of High Court shall, to the extent that it decides a question of law or…
Proposed SBP law under the spotlight
To some commentators, the proposed reinforcement of State Bank of Pakistan (SBP) powers appears to be appropriate; to others, it gives the SBP unbridled power over the economy, outside the…
FBR, tax potential & enforcement — I
The Federal Board of Revenue (FBR) has achieved the target of first eight months (July 2020 to February 2021) of the current fiscal year, which is commendable, especially when the…
FBR, tax potential & enforcement – II
The real significance is quantum of the incremental tax received due to growth in the number of tax filers. FBR inYear Book 2018-19 [page 10] claims that the income tax…
