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The new coalition federal government will soon be in power, after controversial elections of February 8 2024,...

The State should not collect advance taxes from those who are not chargeable to tax. Provisions like section 236 of...

Daily Times July 25, 2021 According to a press report, the International Monetary Fund (IMF) is looking forward to continuing discussions with the Pakistani authorities on the set of policies and reforms that could form the basis for completion of the sixth review under the $6-billion Extended Fund Facility (EFF). This was stated by the IMF resident representative, Ms. Teresa Dabán Sanchez in response to a query by an English daily. She further stated that “we welcome the strong and constructive engagement with the Pakistani authorities and we stand ready to continue supporting Pakistan to...

Daily Times Wall Street Journal, titled, The budget for the fiscal year 2020-21 was made amidst very difficult times when the country was suffering immensely—in terms of human casualties and economic hardships. It was claimed by the coalition government of Pakistan Tehreek-i-Insaf (PTI) that it would remain in the programme of the International Monetary Fund (IMF). However, it will negotiate not to impose new taxes, raise the prices of electricity, POL products, and eatable consumed by the poor people. Within 20 days of the passage of the budget for the fiscal year 2021-22, it did all requ...

Daily Times July 11, 2021 The outdated and oppressive tax structures at federal and provincial levels have created further fiscal mess and how come out of it is discussed in Towards Flat, Low-rate, Broad and Predictable Taxes’ (PRIME Institute, Islamabad, published in December 2020, available free at: https://primeinstitute.org/towards-flat-low-rate-broad-and-predictable-taxes/). A webinar on this book was held on July 10, 2021 hosted jointly by publisher (PRIME institute) and Pakistan Social Science Forum, created in March 2021 by Pakistani young research scholars with the  aimed to facil...