Experimenting with Stablecoin & Tokenization
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The global monetary system is entering a new phase in which digital money…
Application of FATF’s new guidelines
Dr. Ikramul Haq & Abdul Rauf Shakoori The global scale of financial crime now runs into trillions of dollars every year, permeating…
Fiscal Federalism & Taxation
Dr. Ikramul Haq The double aspect doctrine deals not with what the “matter” is, but what it “comes within”. The doctrine of…
Predatory state & low-growth trap
Dr. Ikramul Haq Pakistan’s perpetual economic dilemma is not merely insufficient tax collection or excessive debt burden, but a prolonged low-growth trap…
USA Tariff Policy & world trade
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The global economy today is shaped as much by trade policy as by…
Right tracking the economy
Dr. Ikramul Haq & Abdul Rauf Shakoori Pakistan’s economic strategy at the start of the current fiscal year [2025-26] reflected a cautious…
Legal fiction versus legal farce
Dr. Ikramul Haq Modern governance continually commits a perilous error: it assumes that naming something alone can substitute fiction as reality, and…
SBP’s data expose fragile ‘stabilization’
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori Pakistan’s economy in 2025 reached a delicate inflection point. Crisis management gradually…
External financing & debt sustainability
Dr. Ikramul Haq & Abdul Rauf Shakoori Reserve-related liabilities of the SBP include all foreign exchange liabilities to residents (except general government)…
Money maundering related tax offences
Dr. Ikramul Haq In Pakistan’s current enforcement climate, the line between fiscal regulation and criminal prosecution is increasingly being blurred. Ordinary tax disputes…
2026: Roadmap To Prosperity—II
Dr. Ikramul Haq Many writers, institutes, and think tanks, such as Pakistan Institute of Development Economics (PIDE) and Prime Institute have been…
Boomers v Gen Z Debate
Dr. Ikramul Haq The fashionable trope of “Boomers v Gen Z” has recently entered Pakistani discourse, imported entirely from Western culture wars…
2026: Roadmap To Prosperity—I
Dr. Ikramul Haq One may question what is the rationale behind the exclusion of expenditure charged upon the Consolidated Fund from the…
2026: Tax policy for growth & prosperity
Dr. Ikramul Haq The just ended 2025 witnessed the pathetic and disappointing performance of Federal Board of Revenue (FBR) and provincial…
AI-enabled crimes & AML/CFT challenges
Dr. Ikramul Haq & Abdul Rauf Shakoori The rapid diffusion of artificial intelligence (AI) across financial systems has reshaped the risk environment…
2025: Year of stability & privatization
Dr. Ikramul Haq & Abdul Rauf Shakoori The near end of 2025 has brought a rare turning point in Pakistan’s political economy,…
Evolution of ESG regime in 2025
Dr. Ikramul Haq & Abdul Rauf Shakoori The global Environmental Social Governance (ESG) regulatory and reporting framework is currently undergoing a critical…
Benazir: Victim of ‘New Great Game’
Huzaima Bukhari & Dr. Ikramul Haq December 27, 2025 marks the 18th death anniversary of Benazir Bhutto, a popular leader with great vision, who…