Judicial redemption
DID it not come across as humorous when Justice Mansoor Ali Shah reportedly wondered aloud in the Supreme Court whether, in the absence of constitutional benches, his bench would be considered an…
How the ADR tax distorts the financial sector
The tax on Advance-to-Deposit Ratio (ADR) was introduced through the Finance Acts of 2021 and 2022 approved by Pakistan’s National Assembly and these provisions are being enforced by the Federal…
Judiciary’s debacle
ON the International Day of Democracy in September, Prime Minister Shehbaz Sharif extolled the virtues of democracy, calling it the “cornerstone of a just and progressive society” and stressing continued efforts to…
Politicians and their clothes
POLITICIANS and their clothes can never be separated from politics. It is the side plot which moves along with the main story — scene to scene, act to act —…
Commercial real estate industry worries over higher taxes as election looms
The US commercial real estate industry is pushing for tax relief and incentives championed by former Republican President Donald Trump to continue in the next administration, as the sector struggles…
The 26th Amendment in judicial focus: Part – III
Rule of law dictates that citizens and their representatives participate in the legislative process with an open and timely access to the draft and without any violation of their democratic…
The 26th Amendment in judicial focus: Part – II
After the ouster of Imran Khan as prime minister through a no-confidence motion in April 2022, the judicial landscape became even murkier. While there were over 55,000 cases pending in…
Legal attacks are slowing SEC rulemaking in crucial election year
Rulemaking at the US Securities and Exchange Commission, which hit a record pace early in President Joe Biden’s administration, has slowed significantly as the agency navigates a hostile new legal…
Legal attacks are slowing SEC rulemaking in crucial election year
Rulemaking at the US Securities and Exchange Commission, which hit a record pace early in President Joe Biden’s administration, has slowed significantly as the agency navigates a hostile new legal…
Banking on missteps: latest tax policy will distort financial system
One of the more short-sighted fiscal measures recently introduced is the higher tax on banking income from government securities. This tax is directly linked to the advance-to-deposit ratio (ADR), imposing…
