Amendment in FATF Recommendation 23
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf ShakooriRecommendation 18 of the Financial Action Task Force (FATF) requires that financial institutions should implement programmes against money laundering and terrorist financing and that financial groups should implement group-wide programmes against money…
Fearful of fear
Huzaima Bukhari“We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light”―PlatoThe physical version of fear is actually an emotion that emerges from an anticipated infliction…
Regulating Emerging Technologies
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf ShakooriThe technological landscape has changed massively in the last few years and this has also transformed the financial sector around the world. New phenomena of digital currencies have emerged which are growing…
Playing political yoyo
Huzaima Bukhari“If you choose to put political expediency and politics ahead of the men and women on the ground, for that, you’ll have to answer to yourself. I find it morally reprehensible”―Michael Richard PompeoUnder Article 16 of the Constitution of…
Ordinary citizens, Children of a Lesser God
Huzaima Bukhari & Abdul Rauf Shakoori“The people before you were destroyed because they used to inflict legal punishments on the poor and forgive the rich”—Hadith by Prophet Muhammad (PBUH) Sahih Bukhari Volume 8, Book 81, Number 778 The above narrated Hadith…
New tax model for prosperity
Huzaima Bukhari & Dr. Ikramul Haq There is hardly any doubt about the huge tax gap in Pakistan that is about 70% of the actual collection if not more. It is not only because of weaknesses in enforcement of Federal Board…
Tax gap & bad policy measures
Huzaima Bukhari & Dr. Ikramul Haq 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 attributed to the…
Sports & sportsmanship
Huzaima Bukhari“Sports inculcate something in you that no institution, family or friendship can. A quality that eventually emanate(s) from you, something called Sportsmanship”―Sandeep SahajpalIf Earth has to be divided on the basis of competition, it would probably be political world,…
SBP: Autonomy through Heteronomy
Dr. Ikramul HaqOn the economic front, the incumbent coalition government of Pakistan Tehreek-i-Insaf (PTI) believes that all its failures are due to the current structure of the State Bank of Pakistan (SBP). It is view of the PTI government that…