SBP: Challenges before New Governor
Dr. Ikramul Haq & Abdul Rauf ShakooriThe State Bank of Pakistan (SBP), like central banks of other countries, plays an important role in determination and implementation of monetary policy, formulation and implementation of exchange rate policy, holding, managing all foreign…
FATF’s appraisal of technical compliance
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf ShakooriFor Pakistan, the outcome of the Financial Action Task Force’s (FATF) meeting, held in Berlin on June 17, 2022, was not different from the earlier ones—it continues to be among jurisdictions under…
Pakistan—the future image
Huzaima Bukhari“With faith, discipline and selfless devotion to duty, there is nothing worthwhile that you cannot achieve”—Muhammad Ali JinnahAgreed that Pakistan today is not the country its people would have liked it to be. Agreed that there are many systemic…
Independence Day reflections
Huzaima Bukhari & Dr. Ikramul Haq“Small nations have always struggled against more powerful ones for their freedom. The whole history of mankind is a struggle of the oppressed against exploitation and domination. The contemporary history of Pakistan is nothing but…
Pakistan at 75
Governance sans justiceHuzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf ShakooriRule of law, transparency, accountability and fair treatment to all citizens are considered as the fundamental principles of good governance deviation from which adversely impacts the law and order situation,…
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…