fatf grey listing caused ‘$38b losses’: myth or reality
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf ShakooriAs a result of the recently concluded meeting of FATF in February 2021, Pakistan is destined to remain in the list of jurisdictions with increased monitoring (also known as the Grey List)….
Tribute to womanhood
Huzaima Bukhari“Woman is a delicate creature with strong emotions who has been created by the Al-Mighty God to shoulder responsibility for educating society and moving towards perfection. God created woman as symbol of His own beauty and to give solace…
FBR, tax potential & enforcement
Huzaima Bukhari & Dr Ikramul HaqThe Federal Board of Revenue (FBR) has achieved the target of first eight months [July 2020 to February 2021] of the current fiscal year, which is commendable, especially when the economic growth is extremely slow…
Charity via empowerment
Huzaima Bukhari“Charity is injurious unless it helps the recipient to become independent of it”―John D RockefellerWhen a man came begging to our holy Prophet, Hazrat Muhammad (PBUH) for a couple of dirhams, instead of giving him alms he (PBUH) bought…
Governing badly, expecting miracles!
Dr. Ikramul HaqAs two-thirds of the tax collected is in the form of indirect taxes and one-fourth of the entire amount comes from petroleum and petroleum products at various stages (which is passed on to consumers), the overall incidence is…
FATF: Pakistan’s tough test in June 2021
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori“Pakistan is determined to act against money laundering and terror financing. We have made considerable progress on the remaining three points, which will also be completed by June to completely get the…
The eternal legacy!
Huzaima Bukhari“Constant kindness can accomplish much. As the sun makes ice melt, kindness causes misunderstanding, mistrust and hostility to evaporate”―Albert SchweitzerAn overwhelming number of people in this world are so engrossed in their own lives that they find little time…
FATF & Pakistan’s Progress
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori“As a three-day virtual meeting of the Financial Action Task Force (FATF) will begin today, February 22, during which the steps taken by Pakistan against money laundering and terror financing will be…
Tax model for growth & prosperity
Huzaima Bukhari & Dr. Ikramul Haq The outdated and oppressive tax structures at federal and provincial levels, wasteful expenses, mounting debt servicing and annual tax expenditure of over Rs. one trillion have created fiscal instability since 2008. The coalition Government of…