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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…

Recouping tax losses judiciously — I

“Judicial overreach is when the judiciary starts interfering with the proper functioning of the legislative or executive organs of the government. This is totally uncharacteristic of the role of the…

Tax incentives for NRPs — I

The coalition government of Pakistan Tehreek-i-Insaf (PTI) on February 11, 2021 opted to issue second Presidential Ordinance VI of 2021 [Tax Laws (Amendment) Ordinance, 2021] inserting new provisions and amending…

FBR performance under the spotlight

The present team of Federal Board of Revenue (FBR) deserves appreciation for showing noteworthy performance during challenging times faced by the economy due to Covid-19 pandemic, complete and partial lockdowns,…

Restructuring the tax system — II

The PTI Government showed lack of political will to reduce exemptions, concessions, waivers and immunities to the State Oligarchy. Total tax expenditure was of Rs. 1.5 trillion in the just…

Restructuring the tax system — III

While the FBR under the present economic team has performed excellently under the adverse conditions and despite heavy financial toll of Covid-19, especially in the midst of deadly second wave,…

Visible regression

The PTI government assumed power in 2018 with unbounded optimism and fierce ambition. Ultimately it is proving to be the most regressive government since the times of General Ziaul Haq.…

Governance by diktat

Apart from staggering incompetence, if there is one thing that has defined this three-year-long term of the PTI government is its relentless obduracy to bulldoze its way through on matters…

System’s widening cracks

HYBRID rule may have delivered a semblance of political stability to the country but the system also has an inherent source of tension. The imbalance of power between the security…

Challenges amid discord

PAKISTAN continues to face imposing internal and external challenges. But the ability to address them is being jeopardised by several factors — lack of national unity, intensely polarised politics, institutional…