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The IMF Path

The IMF path

The sixth International Monetary Fund (IMF) review has concluded and the government is eyeing the 518 million dollars due to be released after the formalities of taking the review findings…

Determining The Character Of Income From Other Sources

Determining the character of income from other sources

Issues relating to direct taxes are often confused when these are viewed and considered from accounting angles. For example, accounting practices treat different business activities in accordance with accounting standards,…

Economic Crimes: A Truly Global Threat

Economic crimes: a truly global threat

As we work to recover from a financial meltdown and near economic collapse the threat posed by economic crime is fresh in the air. These crimes emerge as a result…

Interesting Times?

Interesting times?

Last week was an eventful week for Pakistan. Much good and bad happened. The country experienced political turbulence of a different nature. This time PTI opted to escalate its four…

Non-filer Blues

Non-filer blues

Policy making in Pakistan is an amateur parlour game — everybody plays policy on TV, in drawing rooms and wherever they like and all without reading, investigating or learning about…

Supremacy Of The Parliament

Supremacy of the parliament

How politicking leads to side-lining of devising workable strategies for confronting the challenges a country faces is portrayed in an incomparable manner by Pakistan's political leadership. An example thereof is…

Agricultural Pricing Policy

Agricultural pricing policy

Commodity prices have been falling, led by the precipitous collapse globally in the price of oil from a peak of $120 per barrel to a low of below $40. Oil…

State Of The Textile Industry

State of the textile industry

Pakistan's premier industry, textiles, appears to be in trouble. The APTMA has threatened to go on a strike if corrective measures are not taken by the government by the 31st…