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Global finance and corruption

The US has listed Afghanistan, India, and Pakistan as huge money-laundering jurisdictions in the Basel AML Index. The index ranks money laundering and terrorist financing risks around the world. George…

Country needs a new finance minister

Ishaq Dar, the incumbent finance minister, is clearly unable to give any, let alone, due attention to the portfolio of finance that he nonetheless refuses to surrender. Today the country…

Political’ versus ‘liberal’ capitalism

Pakistan’s economy has always remained in a state of confusion. Except for the first decade or so when we went for import substitution our attempts to set our economy on…

Outlook for public finances

The Federal Budget for 2017-18 apparently has all the right ingredients. Resource mobilization, especially through FBR taxes, is to be raised substantially. Growth in current expenditure will be severely restricted…

Sales tax on restaurants through Finance Act

The imposition of 7.5% sales tax on restaurants through the Finance Act 2019 by the National Assembly, energetically defended by the Chairman of Federal Board of Revenue (FBR), is patently…