Averting default, inviting stagflation
Dr. Ikramul Haq & Abdul Rauf Shakoori“There were serious worries about Pakistan heading the way of Sri Lanka and getting into a “default-like situation,” but that seems to have been averted after significant changes were made”— Federal Finance Minister, Miftah…
To cry or not to cry
Huzaima Bukhari“We don’t train boys to have vocabulary around their emotions beyond anger”—Fredric RabinowitzThe last couple of centuries have witnessed a plethora of literature on feminism, gender specific roles, advantages and disadvantages of being a man or a woman, typical…
Meeting the challenge of rising inflation
Dr. Ikramul Haq & Abdul Rauf ShakooriPakistan will not risk creating economic recession for the sake of achieving inflation-adjusted positive interest rate, soothing market’s fears of a further rise in the rate after inflation soared to 25%. We do not…
Pakistan & FATF: next steps
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf ShakooriPakistan was placed on the list of Jurisdictions under Increased Monitoring in 2018 by the Financial Action Task Force (FATF) due to deficiencies in its anti-money laundering and combating financing of terrorism…
The tax gap
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori In a recent disclosure, the Chairman Federal Board of Revenue (FBR) admitted that tax gap of Pakistan is Rs. 3000 billion. According to a Press report [Tax gap stand at Rs.3000bn: FBR…
Charity begins at home!
Huzaima Bukhari“True charity is the desire to be useful to others with no thought of recompense”—Emanuel Swedenborg, (1688-1772) Swedish Lutheran theologian, scientist, philosopher, revelator and mysticCollins English Dictionary defines ‘charity’ as, the giving of help, money, food etc. to those…
Judicial shenanigans & political chaos
Dr. Ikramul Haq & Abdul Rauf Shakoori“Great cases, like hard cases, make bad law. For great cases are called great not by reason of their real importance in shaping the law of the future, but because of some accident of…
Persistent economic challenges
Huzaima Bukhari & Abdul Rauf ShakooriThe global connectivity and interdependence of economies have opened new horizons of growth and development. However, at the same time it has given rise to a phenomenon where economic and political turmoil prevailing in the…