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Govt’s approach to Opposition

This is the second of a two part series of articles focusing on the Prime Minister’s strategy to deal with the economic fallout of the Pakistan Democratic Movement’s four month…

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…

EV policy – nice and cautious start

Much-awaited Electric Vehicle (EV) policy is unveiled. Ministry of Industries’ proposal is ratified by the ECC and in the next week this will likely be approved by the Cabinet and…

Advance tax, refunds & compensation — II

8. In section 171(2)(c) of the Ordinance, it is provided that “in any other case, on the date the refund order is made”. Obviously it applies where there is legal…

Tax incentives for NRPs — II

FBR keeps drafts of proposed laws/amendments “secret”, never making them public and commits blunders when the same are promulgated as Ordinances by President of Pakistan and even passed by National…

In defence of SBP bill

There is quite a stir in the media and policy circles on the proposed amendments in the SBP law. Journalists and economists jumped on the bandwagon and speculated on widely…

PTI, FBR & tax directories — I

Failure of the coalition of Pakistan Tehreek-i-Insaf (PTI) vis-à-vis economic governance, changing four finance ministers and five chairpersons of Federal Board of Revenue (FBR) during its tenure since August 2018…

Winds of change

SINCE coming to power more than three years ago, the PTI government has staggered from crisis to crisis. But now, it’s fighting for its survival. With the winds of change…

Power of a peaceful movement

HAPPY tidings can be worrisome as the poet said. “Wo gharib dil ko sabaq miley ke khushi ke naam se dar gaya!/ Kabhi tum ne ha’ns ke jo baat ki…

What is govt’s plan?

The government does not seem to have a clear road map for economic recovery. The SBP is designing a policy of import compression, and is eyeing to jack up tax…