Meeting FATF’s remaining requirements
Dr. Ikramul HaqMuch has been written on meeting the remaining six challenges posed by Finical Action Task Force (FATF) and how to come out of grey list for which February 2021 is the deadline. The ‘Jurisdictions under Increased Monitoring–23 October…
Unconstitutional asset-whitening & amnesty schemes
Huzaima Bukhari & Dr. Ikramul HaqWhen NAB Ordinance, 1999 is effective from 1st January 1985, how could Foreign Assets (Declaration and Repatriation) Ordinance, 2018, Voluntary Declaration of Domestic Assets Ordinance, 2018 [became Act in Finance Act 2018] and the Assets…
Remembering Benazir Bhutto
December 27, 2020 marks the 13th death anniversary of Shaheed Mohtarma Benazir Bhutto, became first female Prime Minister of Muslim World in 1988. She served two terms as prime minister of Pakistan, in 1988–90 and in 1993–96. In recognition of her great services,…
Exploiting the powerless
Huzaima Bukhari“People will continue to commit atrocities as long as they believe in absurdities”―VoltaireAs reported on 19 December 2020, Faheem Ahmed, a school teacher and resident of Thatta died of cardiac arrest soon after he received a notice from the…
Return filers, potential & enforcement
Dr Ikramul HaqAccording to a Press release, issued by the Federal Board of Revenue (FBR), on December10, 2020, “A total of nearly 1.8 million returns have been filed together with an amount of about Rs. 22 billion. Last year at…
Prime Minister’s “New Year gift”
Dr. Ikramul HaqThe seriousness of the housing issue in Pakistan can be judged from the fact that conservative estimates put the housing backlog at nine million units which is increasing at 300,000 units annually because of unmet demand. Sixty-two per…
Cleanliness: 50% faith!
Huzaima Bukhari“Fifty percent of faith is attributable to cleanliness”―Prophet Muhammad (PBUH) Sahih Muslim, Chapter No.2, Hadees No. 534As staunch Pakistani Muslims, we appear to profess complete faith in the teachings of Islam and sayings of our holy Prophet, Hazrat Muhammad…
Confusion over WWF & WPPT
Huzaima Bukhari & Dr. Ikramul Haq‘Pakistan People’s Party regime from 1971 to 1977 provided some sort of socialistic framework for the economy. The validity of measures taken during that time will be judged by history. The purpose of this article…
Budget 2020 amid Covid-19 crisis
Generating extra revenue of billionsHuzaima Bukhari & Dr. Ikramul HaqThe biggest challenge on tax mobilisation front faced by Federal Board of Revenue (FBR) is bridging monstrous tax gap through automation and introduction of tax intelligence system and not levying more…