FATF’s appraisal of technical compliance
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori For 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…
Pakistan—the future image
Huzaima Bukhari “With faith, discipline and selfless devotion to duty, there is nothing worthwhile that you cannot achieve”—Muhammad Ali Jinnah Agreed that Pakistan today is not the country its people would have liked it to be. Agreed that there are…
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…
Pakistan at 75
Governance sans justice Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori Rule 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…
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,…
To cry or not to cry
Huzaima Bukhari “We don’t train boys to have vocabulary around their emotions beyond anger”—Fredric Rabinowitz The last couple of centuries have witnessed a plethora of literature on feminism, gender specific roles, advantages and disadvantages of being a man or a…
Meeting the challenge of rising inflation
Dr. Ikramul Haq & Abdul Rauf Shakoori Pakistan 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…
Pakistan & FATF: next steps
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori Pakistan 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…
Karabala
Story of unlimited resolve Huzaima Bukhari “Life is a dream for the wise, a game for the fool, a comedy for the rich, a tragedy for the poor”— Sholem Aleichem When any natural or man-made calamity strikes, most of the…