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Taxation in Pakistan: taxing the untaxed elites

Chris Matthews’s famous quote “Paying tax is not a punishment. It’s a responsibility”. Most developed countries with a simple and efficient tax system enjoyed higher GDP growth, investment and employment…

Fundamental reforms for survival

Pakistan is persistently confronting economic challenges, the resolution of which hinge on IMF’s new programme, future conditions and Pakistan’s adherence to them with the hope to regain the path to…

SOEs: performance & accountability

The World Bank’s recent report, titled ‘Pakistan Development Update, fiscal impact of Federal State-Owned Enterprises’, highlights a significant improvement in our economy, attributed mainly to enhanced and better management strategies,…

Bitcoin environmental battles heat up in US

With bitcoin prices breaking new records in recent months, fights over the cryptocurrency’s energy usage and environmental impact are escalating across the United States. President Joe Biden’s administration is demanding…

An accountant’s approach to NFC?

A lot has been written recently about the need to revisit and reduce the share of the provinces in the 7th National Finance Commission Award, but sadly most of it…

Documentation for economic prosperity

Upon assuming office for the second time, Prime Minister Shehbaz Sharif has undertaken the critical responsibility of steering Pakistan through its prevailing challenges. Addressing attendees at the Tax Excellence Award…

Corruption, justice and accountability

Pakistan’s ranking on the global Corruption Perceptions Index (CPI), announced this week by the Berlin-based corruption watchdog, Transparency International, shows that during 2023 the country’s ranking was 133 while the…