Rethinking strategic assets
The term ‘strategic’ is mostly used in military connotations, although its literal meaning translates into key or crucial. Oxford English Dictionary describes it as “a plan of action or policy…
Smoke, mirrors and state assets
The Inter-Governmental Commercial Transactions Act, 2022 (the 2022 Act) was enacted last year and has been recently put into effect by granting a concession for certain berths at Karachi Port…
Crisis radar falls on fault lines in Europe’s commercial property
European banks appear better positioned than US peers to weather any stress from commercial property after an interest rate surge, but that does not mean Europe is out of the…
Cash-strapped Egypt sells state assets to Gulf nations
Egypt, sapped dry of dollars despite a $3 billion International Monetary Fund bailout loan, is seeking to boost its coffers by selling state assets to wealthy Gulf nations. Experts say…
Is there any option?: Declaration of undeclared and under-declared offshore assets
The Finance Act 2018 has become a law. Now the Foreign Assets (Declaration & Repatriation) Ordinance, 2018 and Local Assets (Declaration) Act, 2018 has become a part of the Finance…
Picture brightens for commercial EVs on rising demand from delivery customers
Electric van and bus maker Arrival is wrestling with the global pandemic like other UK firms, but not because of a lack of business. Arrival is fielding four to five…
Commercializing Pakistan Railways — I
Pakistan Railways (PR), a State-Owned Enterprise (SOE) under the Ministry of Railways (MoR), which has been working as a natural monopoly has not been able to pay adequate attention to…
Offshore income and assets of Pakistanis and the Finance Bill 2018: End of tax exemption regime – II
A new regime for Pakistan Assets owned by non-resident companies Redefining Pakistan Source Income for Alienation of Assets held by Non-Resident Companies Newly inserted Section 101A has effectively prescribed a…
Disclosure of assets
The law Companies Act, 2017 (the 'Act') vide Section 452 'Companies' Global Register of Beneficial Ownership' introduced a new concept in corporate law, as no similar provision formed part of preceding…
Offshore assets
This article is in continuation of the articles written by me on the matter earlier. A constructive debate has started about the Offshore Asset of Pakistanis in the post 'Panama…
