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…
Financial instability
In 2016, this writer wrote as many as six articles on Offshore assets of Pakistani citizens, which have been compiled in the form of a book. This endeavour, however modest,…
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…
Financial instability
In 2016, this writer wrote as many as six articles on Offshore assets of Pakistani citizens, which have been compiled in the form of a book. This endeavour, however modest,…
You don’t need a PhD anymore to read Fed statements
The Fed's policy statements grew so complicated after the recession that standard gauges of readability suggested people needed four years of university or more to understand them. That is changing…
Financial accountability in Balochistan
On November 14, Federal Minister for Information Fawad Chaudhry made an incorrect statement about Balochistan on the floor of the Senate. While criticising the alleged corruption of the opposition, he…
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…
Misleading economic statements
The minister of finance and governor of a central bank are the two key leaders of a country’s economic management team. They are required to provide unadulterated factual information and…
Crime and terrorism: Financial challenges – II
Risk-based approach: Nations are operating within a comprehensive international framework that deters financial crime and terrorism in the first place; detects it when it happens and disrupts the activities of…
Pakistan’s roadmap to crypto legalization–II
The establishment of a regulatory framework for cryptocurrencies in Pakistan necessitates a structured and phased approach. The first article of this series explored the initial step of defining cryptocurrencies and…
