Justice denied to justice buried
The Supreme Court of Pakistan during the last many days has dismissed a large number of leaves to appeal, mainly filed by the Federal Board of Revenue (FBR). It has…
To pay or not?
In the last quarter of Pakistan’s financial year which begins next month (April), the country faces the dangerous possibility of a return to a glaring contradiction. After months of repeated…
Untamed economy
The State Bank of Pakistan’s latest interest rate cut, on Monday, by another two per cent to 13 per cent in response to demands from segments of the business community…
To Dar or not
The prospect of Ishaq Dar’s return as finance minister in a PML-N government after the next elections will be a baffling choice. Even a delay in elections still leaves compelling…
The FY23 budget and Fund approval
Pakistani administrations have become adept at presenting an annual budget to parliament with the required detailed documents (with respect to both projected expenditure and revenue), printed at considerable cost to…
Our savings & taxpaying habits
WE save from our incomes and pay taxes. It is, therefore, important to review the trend in incomes first. According to the latest Household Integrated Economic Survey [HIES] 2018-19, our…
Historic collection by FBR
The Federal Board of Revenue (FBR) has surpassed the third-time revised target of fiscal year (FY) 2020-2021 and for the first time crossed the mark of over Rs 4 trillion…
A fragile federal budget — II
We now carry out an appraisal of the measures in the budget, starting with the enumeration of the key initiatives proposed to push the economy onto a higher growth path…
Reframing taxes
For two decades, conservatives have successfully cemented in the public discourse that taxes are a burden. In 2001, conservatives in Congress successfully pushed through tax cuts that most benefited high-income…
Tapping the real revenue potential
"Pakistan's tax revenue remains very low relative to comparator developing countries and the tax effort expected for the country's level of development. This reflects narrow tax bases, overgenerous tax concessions…
