Huzaima & Ikram

Huzaima & Ikram Our law firm provides services in all areas, specially in tax and corporate matters. Our expert team

We provide services in many areas of law, specialising in taxation, domestic and international

An importer pays sales tax upfront, tying up funds in inventory until sale permits input adjustment. Manufacturers finan...
25/08/2026

An importer pays sales tax upfront, tying up funds in inventory until sale permits input adjustment. Manufacturers finance tax on raw materials; zero-rated exporters depend on prompt refunds; service providers face the same working-capital burden on business inputs. Pakistan’s constitutional division creates another fault line: a provincial service provider may bear federal tax on goods, while a manufacturer may bear provincial tax on services. Credit depends on the rules of the particular jurisdiction. If a legitimate cross-jurisdiction input is denied, tax becomes cost, enters the next price and cascades.
A delayed refund in VAT mode is not an administrative inconvenience. It converts a tax on consumption into an involuntary loan extracted from a producer or exporter. An arbitrary restriction on input credit produces the same economic damage. The denied tax becomes a business cost, enters the price of the next supply and creates cascading—the very evil VAT was designed to eliminate.

Part II will examine these federal and provincial withholding regimes and their economic consequences. The governing test has already

The scandal is not merely that the State burns too much fuel. It pays the same senior officers cash so that it should no...
24/08/2026

The scandal is not merely that the State burns too much fuel. It pays the same senior officers cash so that it should not have to provide cars, petrol, maintenance and drivers. The Compulsory Monetisation of Transport Facility was approved in December 2011 and implemented from January 1, 2012 for civil servants in BS-20 to BS-22. Its objects were austerity, elimination of misuse, transparency and lower spending on procurement, maintenance, fuel and drivers.
The design was unambiguous. It banned staff-car purchases, required surrender of surplus vehicles, confined ministries to small operational pools, and prohibited entitled officers from using project or departmental vehicles as personal transport. On the expenditure then prevailing, the monthly cash amounts were Rs. 65,960 for BS-20, Rs. 77,430 for BS-21 and Rs. 95,910 for BS-22. Retaining a government driver attracted a Rs. 10,000 monthly deduction. The bargain was simple: take the cash and bear your transport cost.
What followed was not monetisation but duplication. The cash became entrenched while official vehicles, fuel cards, project cars, protocol fleets and drivers survived through exceptions. Ministers moved towards SUVs and federal secretaries towards new 1800cc cars. Official vehicles remained visible at schools, markets and on motorways for purposes no honest reading of “official duty” can accommodate. The public finances the allowance and the vehicle.

The Rs. 21.8 billion fuel bill is more than waste; it states national priorities. Pakistan does not lack austerity policies

Mughal’s death stings in a specific way: he was one of the last living bridges to that tradition. He connected generatio...
24/08/2026

Mughal’s death stings in a specific way: he was one of the last living bridges to that tradition. He connected generations without asking for discipleship. He kept memory alive without becoming its warden. His politics were never against faith or culture. They were against every structure built to humiliate people.
The easy response to a photograph like this is nostalgia, which lets the living off the hook while it honours the dead. The harder question is what happened to the republic these six men were silently building, and whether anything is being built to replace it. Their Pakistan never fully arrived. It also wasn’t imaginary. It existed anywhere truth was spoken without hedging, language was rescued, workers got organised, prisoners were defended, censorship was resisted, and young people were treated like they mattered.
All six men in that photograph are gone now. History will not fill the space they left on its own.

The editor bridged the worlds of trade unionists, rebel soldiers and human rights defenders.

The FATF records total value locked at USD 86.644 billion in 2026, approximately 85 percent above the 2023 level, while ...
23/08/2026

The FATF records total value locked at USD 86.644 billion in 2026, approximately 85 percent above the 2023 level, while institutional investors, virtual asset service providers and regulated entities are increasingly committing capital to DeFi arrangements. This track suggests that DeFi will not simply compete with traditional finance, but will progressively intersect with it through tokenized assets, settlement, payments, liquidity and market infrastructure.
The policy significance of that convergence lies in the need to preserve innovation without permitting functional substitutes for regulated finance to escape equivalent safeguards. Traditional finance provides legal accountability, prudential discipline, customer identification and institutional channels for enforcement, while DeFi contributes automation, composability, transparency of public ledger transactions, broader access and rapid settlement.
The future architecture is therefore likely to be hybrid: regulated institutions will use decentralized infrastructure where it produces efficiency, whereas supervisors will require comparable financial integrity outcomes whenever equivalent financial functions are performed.

The development of decentralized finance represents a material reconfiguration of financial intermediation rather than a peripheral experiment in virtual assets. DeFi enables trading, lending, borrowing, liquidity provision and asset management through blockchain based smart contracts, with continuo...

Even in exile, Amin Mughal refused to become a framed portrait. He remained intellectually engaged, sceptical of dogma a...
23/08/2026

Even in exile, Amin Mughal refused to become a framed portrait. He remained intellectually engaged, sceptical of dogma and attentive to younger generations. He preserved memory without becoming its prisoner and maintained conviction without surrendering tenderness. His humanism was not an ornament attached to his politics; it was the reason for that politics.
A conventional obituary might lament that the state never decorated him. That will reveal a misunderstanding about both the man and the medal. Amin sahib needed no official metal to establish his worth. His enduring decoration is found in the people he taught, the writers he sharpened, the institutions he helped build and the conversations that continue because he once made questioning respectable.
The state withheld a medal. History may record that he escaped one.

Remembering a life lived without bothering to conform

*Ali Pervaiz Malik has identified much of the disease. His government now stands accused by its own diagnosis. Sustainab...
22/08/2026

*Ali Pervaiz Malik has identified much of the disease. His government now stands accused by its own diagnosis. Sustainable reform demands a transparent reduction in petroleum dependence, progressive taxation of income and wealth, settlement of verified energy-chain liabilities, conditional refinery modernisation, competitive gas-market rules, independent regulation and complete disclosure of circular debt*.
Future generations, whom the minister invoked, will not judge this government by the number of committees it revived or policies it announced. They will ask whether it dismantled the system that taxes energy to conceal fiscal failure, socialises institutional losses and calls the resulting burden reform.

Future generations, whom the minister invoked, will not judge this government by the number of committees it revived or policies

دوسری صف میں خاموشی سے کھڑے امین مغل اس تصویر کو پڑھنے کی کلید ہیں۔ ان کا مقام تقریباً علامتی ہے۔ وہ ظاہری مرکز میں نہیں...
22/08/2026

دوسری صف میں خاموشی سے کھڑے امین مغل اس تصویر کو پڑھنے کی کلید ہیں۔ ان کا مقام تقریباً علامتی ہے۔ وہ ظاہری مرکز میں نہیں، حالاں کہ فریم کے اندر موجود فکری اور انسانی رشتوں کے مرکز میں وہی تھے۔ وہ تصویر میں بھی ویسے ہی دکھائی دیتے ہیں جیسے زندگی میں تھے: موجود، چوکس، سب سے مربوط—مگر کسی پر اپنی تقدم جتانے کی ضرورت سے بے نیاز۔
ان کے انتقال کے بعد ان کی تدریس، سیاسی سرگرمی، قید، صحافت اور جلاوطنی کے بارے میں بہت کچھ لکھا جا چکا ہے۔ مگر واقعات کی ترتیب یہ نہیں بتا سکتی کہ امین صاحب کیوں غیر معمولی تھے۔ ان کا اصل کارنامہ فکری تسلسل پیدا کرنا تھا۔ انہوں نے دادا امیر حیدر اور میجر اسحاق کی منظم بائیں بازو کی روایت کو زِم اور آئی اے رحمان کی جمہوری صحافت، شفقت تنویر مرزا کی لسانی و ثقافتی مزاحمت، اور ہم جیسے نوجوانوں سے جوڑا جو صحافت میں داخل تو ہو گئے تھے، مگر ابھی یہ سمجھنے کے قابل نہ تھے کہ ہمارے سامنے کیسی گراں قدر میراث رکھی جا رہی ہے۔
میں نے 1979 سے 1984 تک ہفت روزہ ویو پوائنٹ میں امین صاحب کے ساتھ کام کیا۔ 4 لارنس روڈ، لاہور کا وہ سادہ سا دفتر میری اصل یونیورسٹی تھا۔ جیسا کہ میں نے ’ویو پوائنٹ اور اس کے اکابر‘ میں یاد کیا ہے، مظہر علی خان نے وہاں ایسے لوگوں کو جمع کیا تھا جن کے لیے صحافت اقتدار، دولت یا سیاسی سرپرستی تک پہنچنے کی سیڑھی نہیں بلکہ ایک اخلاقی عہد تھی۔ امین مغل اس ماحول کا فطری حصہ تھے۔ ان کے نزدیک ادارت تدریس سے، سیاسی تجزیہ ادب سے، اور فکری اختلاف ذاتی محبت سے الگ نہیں تھا۔

اس تصویر کی اہمیت اس لیے نہیں کہ یہ سب کسی ایک جماعت کے رکن یا کسی ایک سیاسی لکیر کے پابند تھے۔ ایسا ہرگز نہیں تھا۔ اس کی معنویت مختلف مزاحمتی روایتوں کے باہم

ریورس چارج میکانزم محض ٹیکس وصولی کا ایک طریقۂ کار ہے، قانون سازی کے اختیار کا کوئی آزاد اور خودمختار ذریعہ نہیں۔ یہ کسی...
21/08/2026

ریورس چارج میکانزم محض ٹیکس وصولی کا ایک طریقۂ کار ہے، قانون سازی کے اختیار کا کوئی آزاد اور خودمختار ذریعہ نہیں۔ یہ کسی غیر ملکی یا غیر رجسٹرڈ سروس فراہم کنندہ سے ٹیکس وصول کرنے کی ذمہ داری مقامی وصول کنندہ کو منتقل کر سکتا ہے، لیکن ایسا صوبائی تعلق پیدا نہیں کر سکتا جسے آئین واضح طور پر تسلیم نہیں کرتا۔
تعطیلی درخواست مسترد کرنے والا تفصیلی حکم ان امور کے حوالے سے اہمیت رکھ سکتا ہے جن کا فیصلہ اس میں لازماً کیا گیا ہو، تاہم اسے ان سوالات سے آگے نہیں بڑھایا جا سکتا جن کا عدالت نے جائزہ لیا۔ عدالت نے درخواست کو اپیل میں تبدیل نہیں کیا، آئینی سوالات وضع نہیں کیے، سروس کی فراہمی یا استعمال کی جگہ سے متعلق شواہد طلب نہیں کیے اور نہ ہی مختلف صوبوں کے باہمی ٹیکس دعووں کا جائزہ لیا۔

صوبائی حدود سے باہر خدمات پر ٹیکس کے لیے آئینی دائرۂ اختیار، علاقائی تعلق اور منصفانہ تقسیم کے اصول ناگزیر ہیں

The scandal is larger than sugar. Pakistan—an agrarian country with the Indus basin, diverse climatic zones and millions...
21/08/2026

The scandal is larger than sugar. Pakistan—an agrarian country with the Indus basin, diverse climatic zones and millions of agricultural workers—spent US$ 7.1 billion on food imports in only the first nine months of fiscal year (FY) 2025-26, 15.2 percent more than a year earlier. Food formed 14 percent of the entire import bill. Palm oil alone cost US$3 billion. This is routinely described as a balance-of-payments problem. It is first a failure of land use, agricultural research, seed policy, water management, storage, competition regulation and distributive justice.

Real economic sovereignty means producing efficiently, rewarding cultivators fairly, adding value at home and ensuring that bread

Democracy itself has not escaped this culture of contradiction. Elections remain the cornerstone of representative gover...
21/08/2026

Democracy itself has not escaped this culture of contradiction. Elections remain the cornerstone of representative government, yet public discourse increasingly rewards image over substance, slogans over ideas and perception over performance. Political communication is carefully engineered to maximise emotional appeal while avoiding inconvenient truths. Leaders promise transparency through carefully crafted ambiguity and speak of accountability while shifting responsibility elsewhere. The result is a political culture in which appearances often eclipse authenticity. The autistic observer, taking language literally, would struggle to understand why saying one thing while intending another has become accepted as an ordinary feature of public life rather than an exception to it.

Leaders promise transparency through carefully crafted ambiguity and speak of accountability while shifting responsibility elsewhere

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