Call for independent financial reporting body
The Audit Oversight Board (AOB) established under the SECP Act, 1997 to regulate audit profession in the country and the Accounting Standards Board (ASB) recently formed under the control of…
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…
Reporting on floods
IN reporting on floods, four terms have been used constantly. They have traditional planning-related meanings, which can no longer be applied to them because of the phenomenon of climate change.…
Reimagining Pakistan’s financial architecture
Imagine the year 1624. The world has not yet imagined New York, let alone the Stock Exchange that would one day shape global finance. The Industrial Revolution is still more…
Monthly reporting by MoF: good practice
The Ministry of Finance (MoF) has started a very good practice since March 2020 of preparing a monthly report with the latest economic update and outlook. The Economic Adviser’s Wing…
Illicit financial flows in the region
A recent study (November 24, 2017) provides an assessment of routes, actors and sources of Illicit Financial Flows (IFFs) and corruption in and between Kyrgyzstan, Tajikistan, Afghanistan, Pakistan, India, Nepal,…
Unlocking the financial safe havens
One does not know the exact amount that has been siphoned-off to foreign safe havens by our corrupt lot. The very clandestine nature of the activity renders it impossible to…
Illicit financial flows in the region
A recent study (November 24, 2017) provides an assessment of routes, actors and sources of Illicit Financial Flows (IFFs) and corruption in and between Kyrgyzstan, Tajikistan, Afghanistan, Pakistan, India, Nepal,…
Financial institutions: A framework for technology governance
State Bank of Pakistan released its "Enterprise Technology Governance & Risk Management Framework for Financial Institutions" at the end of May 2017 and expressed its desire that all FIs to…
Some key challenges: Global financial services industry
Global financial services industry is facing many challenges due to new legal requirements, in the fields of compliance, banking and capital market reforms. To understand emerging new realities, this write-up…
