Huzaima Bukhari “Is adult amusement killing our children, or is killing our children amusing adults”―Marilyn Manson The year 2021 opened with the tragic death of Usama Nadeem Satti, a 21 years old Pakistani civilian youth, resident of the capital city, who was mercilessly killed by the Islamabad police because he allegedly did not stop his...Read More

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 when there is a lack of understanding of this technique—FATF/Egmont Trade-based Money Laundering: Trends and...Read More

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 October 2020, Financial Action Task Force’, says: “FATF takes note of the significant progress made...Read More

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 Assets Declaration Ordinance, 2019 [became Act in Finance Act 2019] allow the public officeholders prior...Read More

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, she was awarded posthumously the prestigious UN Human Rights Award on December 10, 2008. The...Read More

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 from the National Accountability Bureau (NAB) that had detected transactions of millions of rupees in...Read More

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 at this time, 1.73 million returns were filed while about Rs.13.5 billion was deposited as...Read More

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 per cent of this demand is for lower-income groups. Yet political party manifestos hardly talk...Read More

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 is to explain that a charge for workers’ welfare fund, under the Workers’ Welfare...Read More

Generating extra revenue of billions Huzaima Bukhari & Dr. Ikramul Haq The 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 taxes or enhancing the rates of the existing ones. The World Bank in...Read More