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The forgotten promise

“The state shall ensure the elimination of all forms of exploitation and the gradual fulfilment of the fundamental principle, from each according to his ability to each according to his…

Daunting fiscal challenges

Since the assumption of power in April 2022, the coalition government of Pakistan Democratic Movement (PDM) has been facing daunting challenges on the fiscal front. It is evident from the…

Disclosure principles of ‘beneficial ownership’

It is common practice across the globe that anonymous shell companies are formed to hold funds or conduct financial transactions to disguise money trail of wealth accumulated through illegal activities.…

India at 75

The Round Table – the Commonwealth Journal of International Affairs – brought out two special issues on India and Pakistan on the 75th anniversary of their independence. The previous column…

Taxation and inflation

The Federal Board of Revenue (FBR) has claimed collection of net revenue of Rs4,493 billion in the first eight months of the current financial year against Rs3,820 billion collected in…

Afghanistan coffers swell

A dusty logjam of trucks inches across a rut in the mountains splitting Pakistan and Afghanistan, teeming with a cargo of fruit and coal — and paying the Taliban authorities…

IMF programme & reforms

Pakistan, one of the major victims of climate change, is fighting alone to manage the damages caused due to catastrophic flooding and unprecedented rains that have affected almost one-third of…

FBR, IMF & revenue targets

The federal budget for fiscal year (FY) 2022-23 assigned an ambitious target of Rs. 7.470trillion to the Federal Board of Revenue (FBR), which includes both direct and indirect taxes. The…

Return of terror

For all the efforts made over the past years, things seem to have returned to a previous situation. This conflict included a war against terror fought by Pakistan during which…

Conceptual poverty of foreign policy

By looking closely at the interlinked deprivations of poor people, this report provides valuable insights on how to tackle multidimensional poverty—referred to simply as “poverty” throughout—by addressing its multiple dimensions—Global…