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Huzaima Bukhari

Malaise of mounting debt
Markets

Malaise of mounting debt

ARTICLE: The central government's debt, excluding its liabilities, increased to Rs 34.48 trillion by the end of May...
Published 24 Jul, 2020 02:59am
Unpaid refunds
Opinion

Unpaid refunds

ARTICLE: "The genius of our ruling class is that it has kept a majority of the people from ever questioning the...
Published 17 Jul, 2020 02:53am
Budgets 2020 amid Covid-19 crisis - II: Need for paradigm shift
Opinion

Budgets 2020 amid Covid-19 crisis - II: Need for paradigm shift

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
Published 22 May, 2020 12:03am
FBR: audit closure, capacity & legality
Opinion

FBR: audit closure, capacity & legality

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
Published 08 May, 2020 12:05am
Covid-19: economic & tax reliefs
Opinion

Covid-19: economic & tax reliefs

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
Published 01 May, 2020 12:54am
A simple tax bailout
Opinion

A simple tax bailout

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
Published 24 Apr, 2020 02:52am
Tax bailout for economic revival
Opinion

Tax bailout for economic revival

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
Published 17 Apr, 2020 12:00am
Covid-19 pandemic, leadership & apathy
Opinion

Covid-19 pandemic, leadership & apathy

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
Published 03 Apr, 2020 12:00am
When challenges offer opportunities - II
Opinion

When challenges offer opportunities - II

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
Published 02 Apr, 2020 12:00am