Countering financial crimes
In recent days, Federal Board of Revenue (FBR) has taken many steps to enforce internal accountability mechanism to uproot corruption/malpractices within the organisation. The steps like making Chief Commissioners as…
Curable irregularities
ALL responsible states are aware that their functionaries can resort to not only unconventional but also unlawful actions to carry out their duties. So they take measures to ensure that…
Financial emergency: possible/probable?
Is the declaration of a financial emergency imminent if the budget 2018-19 is implemented? This has been categorically rejected by Federal Finance Minister Miftah Ismail as one would have expected…
Need for financial reporting council
There is dire need to establish Financial Reporting Council (FRC) in Pakistan as an autonomous regulator to promote corporate governance and reporting to safeguard the interest of all stakeholders. The…
The curse of servitude
The crescendo that was being drummed up for weeks and months has finally subsided. The dreaded no-confidence motion against Prime Minister Imran Khan has been submitted to the National Assembly…
Scrutiny and beyond
THE much-discussed seven-year-old foreign funding case reached a major milestone about a month ago when the scrutiny committee constituted by the Election Commission of Pakistan (ECP) submitted its report. It…
‘Nationalising’ NAB
There is no doubt that a system of robust and impartial accountability is the cornerstone of liberal democracy; the process of checks and balances safeguards the roots of democratic norms…
SOEs: forensic audit
The federal government, in the third year of its five- year tenure, is reported to have decided to conduct forensic audit of ten loss-making State-Owned Entities (SOEs) for the FY2016-…
Country’s power predicament
The summer of 2018 is not much different from that of 2013 with a bit of change in demography. Lahore fared better in load shedding whereas Karachi suffered much from…
The FATF challenge
The official version is out. Pakistan is set to be put on the 'grey list' of the Financial Action Task Force (FATF) in June. "Pakistan will be assigned to the…
