Business Recorder

ARTICLE: "We need to lower tax rates for everybody, starting with the top corporate tax rate. We need to simplify ...

EDITORIAL: In this article, we are highlighting the ideas of the great thinker, philosopher and poet, Allama ...

ARTICLE: The central government's debt, excluding its liabilities, increased to Rs 34.48 trillion by the end of May...

ARTICLE: "The genius of our ruling class is that it has kept a majority of the people from ever questioning the...

ARTICLE: The existing system imposes high taxes but yields low revenues. Only 2000 companies pay 75% of total taxes....

ARTICLE: The adoption of the Finance Bill 2020 on June 29, 2020 and exceeding the target by the Federal Board of...

ARTICLE: "We don't do charity in Germany. We pay taxes. Charity is a failure of governments'...

In the Finance Bill 2020, presented along with federal budget 2020-21, a highly lamentable-rather unconstitutional...

ARTICLE: "...19.1 percent of Pakistani population, which includes 31.8 percent of men and 5.8 percent of women,...

ARTICLE: This is the first part of a two-part series on how to counter illicit trade in tobacco products, recoup...

The failure to tap the actual tax potential by the federal and provincial governments is the real issue and not the Constitution (Eighteenth Amendment) Act, 2010 [hereinafter "18th Amendment"] vis-à-vis the National Finance Commission (NFC) Award. Dismal

In the present circumstances, in the forthcoming federal budget, the need for a fair and simple tax system, as elaborate in Towards Flat, Low-rate, Broad and Predictable Taxes [PRIME Institute, 2016] and referred to in PIDE Policy Viewpoint [16:2020] Doin

"If we were to construe Entry 52 of the Legislative List keeping in view the above meanings of the expression "in lieu of", it becomes evident that the Legislature has the option instead of invoking Entry 47 for imposing taxes on income, it can impose the

According to a Press report, the government of Pakistan Tehreek-i-Insaf (PTI) "has quietly closed over 310,000 tax audit cases that had been automatically selected from 2015 to 2017 due to the failure of taxpayers to timely file tax returns and pay due ta

Pakistan is facing the brunt of Coronavirus outbreak as the country is in a partial lock down. This has had a negative impact on businesses. Initial estimates show that the economy will witness sluggish growth in services, manufacturing and agriculture se

As mentioned in the last column [Tax bailout for economic revival, Business Recorder, April 17, 2020], all businesses-badly hit by lockdown in the wake of Covid-19 epidemic and due to sluggish economic activities, high utility bills and markup rate-are de

According to various Press reports, all businesses in Pakistan, as elsewhere, badly hit by lockdown in the wake of Covid-19 epidemic, are demanding a comprehensive tax bailout claiming that loan facility announced by State Bank of Pakistan (SBP) to pay sa

The Prime Minister of Pakistan, Imran Khan, in a Press conference on April 3, 2020, announced what is termed by official quarters as a "comprehensive relief/stimulus package" for the construction sector-also given the status of industry. At the time of wr

In a country of about 210 million people, about 10,000 individuals, prominent in business or profession or holding key positions in state institutions, think they know each and everything and can fix the multiple and complex problems faced by Pakistan, ei

The PTI government, compelled to borrow more at high interest rate, does not know that billions are lying unpaid with industrial undertakings/employers. Thus the issue is not that of funds but getting due taxes/levies from the wealthy and tax evaders and