Qualified intermediary agreement represents a new withholding tax system by which foreign financial institutions, or foreign branches of a US financial institution, can receive favourable withholding tax treatment. This system…
Being our own enemy is one capacity wherein we are self-sufficient; we know how to turn protests into selfdestructive events and the regime watches them as a bystander, or encourages…
Of course the sugar crisis will subside and melt away into the overall rising cost of living, and the ever increasing cost of food items that ordinary people are battling…
PAKISTAN’S climate finance ecosystem is informal and unfolding. It has not been fully operationalised or coordinated, let alone synchronised with climate action. In fact, policymakers are still grappling to define…
Pakistan’s economic stability hinges significantly on its ability to curb tax evasion and illicit trade. One of the initiatives in this regard is the Federal Board of Revenue’s (FBR’s) Track…
AN essential component of any progressing economy is the taxation system. However, Pakistan’s tax regime is grappling with issues often faced by developing economies: low compliance, inefficiencies, and a narrow…
The tax on Advance-to-Deposit Ratio (ADR) was introduced through the Finance Acts of 2021 and 2022 approved by Pakistan’s National Assembly and these provisions are being enforced by the Federal…
As Prime Minister Shehbaz Sharif’s government races to meet its promises to the IMF for revenue collection, Islamabad’s power corridors are buzzing with novel ideas to meet that goal. In…
Pakistan’s budget process, while clearly defined in the 1973 Constitution, subordinate legislations like the Public Financial Management Act (PFMA), 2019 and guided by detailed manuals e.g. Budget Manual 2020, suffers…
The Punjab Agricultural Income Tax (Amendment) Bill 2024 is a significant legislative initiative aimed at modernizing and broadening the agricultural taxation framework in Punjab the Punjab government has passed the…
