FATF, Pakistan & TBML
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori International trade networks can attract criminals and terrorists financiers who exploit the interconnected supply chains to launder the proceeds of crime or finance terrorism. Recognising trade-based money laundering is difficult, particularly…
Meeting FATF’s remaining requirements
Dr. Ikramul Haq Much 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…
Unconstitutional asset-whitening & amnesty schemes
Huzaima Bukhari & Dr. Ikramul Haq When 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…
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”―Voltaire As reported on 19 December 2020, Faheem Ahmed, a school teacher and resident of Thatta died of cardiac arrest soon after he received a notice…
Return filers, potential & enforcement
Dr Ikramul Haq According 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…
Prime Minister’s “New Year gift”
Dr. Ikramul Haq The 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…
Cleanliness: 50% faith!
Huzaima Bukhari “Fifty percent of faith is attributable to cleanliness”―Prophet Muhammad (PBUH) Sahih Muslim, Chapter No.2, Hadees No. 534 As staunch Pakistani Muslims, we appear to profess complete faith in the teachings of Islam and sayings of our holy Prophet,…
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…