Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori As a result of the recently concluded meeting of FATF in February 2021, Pakistan is destined to remain in the list of jurisdictions with increased monitoring (also known as the Grey List). Pakistan is still lagging behind and so far, has complied with 24 out of...Read More

Huzaima Bukhari “Woman is a delicate creature with strong emotions who has been created by the Al-Mighty God to shoulder responsibility for educating society and moving towards perfection. God created woman as symbol of His own beauty and to give solace to her partner and her family”—Hazrat Imam Ali (AS) A prominent television anchor during...Read More

Huzaima Bukhari & Dr Ikramul Haq The Federal Board of Revenue (FBR) has achieved the target of first eight months [July 2020 to February 2021] of the current fiscal year, which is commendable, especially when the economic growth is extremely slow in the wake of Covid-19 endemic and there is contraction in imports as FBR...Read More

Huzaima Bukhari “Charity is injurious unless it helps the recipient to become independent of it”―John D Rockefeller When a man came begging to our holy Prophet, Hazrat Muhammad (PBUH) for a couple of dirhams, instead of giving him alms he (PBUH) bought him, for the same amount, an axe and a rope. This was providing...Read More

Dr. Ikramul Haq As two-thirds of the tax collected is in the form of indirect taxes and one-fourth of the entire amount comes from petroleum and petroleum products at various stages (which is passed on to consumers), the overall incidence is regressive— Ishrat Husain, Governing the Ungovernable: Institutional Reforms for Democratic Governance (2018). Dr. Ishrat...Read More

Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori “Pakistan is determined to act against money laundering and terror financing. We have made considerable progress on the remaining three points, which will also be completed by June to completely get the country out of the FATF’s grey list”—Minister for Industries and Production Hammad Azhar Hammad...Read More

Huzaima Bukhari “Constant kindness can accomplish much. As the sun makes ice melt, kindness causes misunderstanding, mistrust and hostility to evaporate”―Albert Schweitzer An overwhelming number of people in this world are so engrossed in their own lives that they find little time to attend to others’ needs. Not that humans are a selfish specie but...Read More

Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori “As a three-day virtual meeting of the Financial Action Task Force (FATF) will begin today, February 22, during which the steps taken by Pakistan against money laundering and terror financing will be reviewed, Pakistani officials say that if decisions are based on merit, then the country’s...Read More

Huzaima Bukhari & Dr. Ikramul Haq   The outdated and oppressive tax structures at federal and provincial levels, wasteful expenses, mounting debt servicing and annual tax expenditure of over Rs. one trillion have created fiscal instability since 2008. The coalition Government of Pakistan Tehreek-i-Insaf (PTI) is facing tough challenges on the fiscal front as ‘Summary...Read More

Huzaima Bukhari & Dr. Ikramul Haq “….the debt servicing relief of US$ 2.7 billion (equivalent to 1 percent of GDP) provided to Pakistan under the G-20’s Debt Servicing Suspension Initiative will help create expenditure space for Covid-related spending” —State Bank of Pakistan’s Annual Report 2019-20—The State of Pakistan’s Economy The coalition federal and provincial governments...Read More