Monstrous tax gap & remedial measures
Dr. Ikramul Haq & Abdul Rauf Shakoori There is hardly any doubt about huge tax gap in Pakistan. It is not only because of weaknesses in enforcement of Federal Board of Revenue (FBR) and provincial tax agencies, but also…
No respite from economic hardships
Dr. Ikramul Haq & Abdul Rauf Shakoori The continuous economic woes of Pakistan are making the lives of the common people more and more miserable with every passing day. The financial wizard of the ruling party, Pakistan Muslim League Nawaz…
Recovery of stolen assets
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The global institutions in collaboration with the United Nations Office on Drugs and Crimes (UNODC) are working with developing countries and financial centers to stop the laundering of proceeds generated through…
Empty nest syndrome
Huzaima Bukhari “People make a lot of jokes about the empty nest. Let me tell you it is no laughing matter. It is really hard”—Michelle Pfeiffer The other day, a friend mentioned that both her children had settled abroad for…
Pakistan
Significant FATF Meeting Dr. Ikramul Haq & Abdul Rauf Shakoori The upcoming Plenary of the Financial Action Task Force (FATF), scheduled for October 20-21, 2022, has significant importance as it would be the first meeting under its new President, T….
Pakistan in deep debt trap
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori Pakistan’s precarious financial situation, persisting for the last many decades, has landed it into a deep debt trap where an overwhelming part of tax revenue is consumed in debt servicing alone….
So much for equality!
Huzaima Bukhari “The worst form of inequality is to try to make unequal things equal”—Aristotle Before daring to write upon this particular topic, my humble apology to advocates of feminism, for which I consider myself a strong proponent too but…
Dar, Moody’s & economic revival
Dr. Ikramul Haq & Abdul Rauf Shakoori Recently Moody’s has scaled down the Government of Pakistan’s debt ratings to “Caa1” from “B3” and the outlook is kept at “negative”. Under “Caa” obligations are judged to be of poor standing and…
FATF/Pakistan: Beyond Grey List
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori Pakistan’s trip on the list of Jurisdictions under increased monitoring maintained by the Financial Action Task Force (FATF) is approaching an end. The recent consolidated assessment rating by the FATF and…