Transfer of foreign exchange — avoid ‘hawala’
Pakistan has always been short of foreign exchange and it will remain so in the unforeseeable future. However, on account of poor governance and flawed tax regime, substantial taxed and…
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…
Private foreign currency account and Section 111(4) of the Income Tax Ordinance, 2001: The revolving circle
This is a continuation of the articles written earlier in this paper on the matter of perpetual amnesty available in the form of 'No Question Asked Concept' for foreign exchange…
Foreign assets and foreign assets declaration law
Strengthening the rule of law The Federal Board of Revenue (FBR) in exercise of its powers under the Assets Declaration Act has released the rules for the process and procedures…
Who benefits from tax reforms package?
It has arrived: the latest 'economic reforms package'. It has taken its time in transit -since the Panama Papers to be precise - but should we scream with joy, or…
Untapped ESG
The global ESG conversation has largely been shaped by Western frameworks, international rating agencies and sustainability standards designed for mature markets. Pakistan, like much of the Global South, has adopted…
Online abuse is real violence
From the recent three decisions of Pakistan’s apex court to the wildfire spread of AI-generated deepfakes, the entire spectrum, digital as well as physical, has become a persistent battlefield for…
Governing water
On December 8 (2025), the Asian Development Bank’s Asian Water Development Outlook 2025 stripped away any remaining ambiguity. More than 80 per cent of Pakistanis lack access to safe drinking…
The cost of corruption
Pakistan is marking International Anti-Corruption Day earlier than the global calendar this year. While the United Nations observes the day on December 9, the National Accountability Bureau (NAB) has chosen…
Patterns of silence
SEVENTEEN-year-old Sana Yousaf never imagined that the harmless videos she posted online would one day become evidence in the investigation of her own murder. What began as routine trolling escalated…
