Sustainability and Islamic finance
The unique characteristic of Medina Economics is the fact that almost all the building blocks of the Islamic economic system were completed in the lifetime of the Prophet Muhammad (PBUH)…
The morning after November 29
Welcome to November 22, 2022. There are now only seven short, autumnal days to go. Exactly one week from today, Pakistan will breathe a sigh of relief (or shudder with…
Terrorism financing in Pakistan
Terrorism is a contested term -- difficult to define, and a cause of contention in academics and policymaking for years. There is no universal definition of terrorism. According to the…
Let’s try Adulting 101
Cryptocurrencies are another one of those things Gen Xers and Baby Boomers have a hard time understanding and accepting. While many bankers are still sceptical of today’s cryptocurrencies, they do…
Fixing the economy
Pakistan’s GDP is $263 billion; and the country’s expenditure is more than its income. According to the Pakistan Economic Survey, the fiscal deficit is around Rs4 trillion. Therefore, the government…
Sadaqah of soul
OF the five basic tenets of Islam, giving away a part of one’s material wealth is an essential one. In normal parlance, this is zakat, that is usually calculated as…
Reforming tax system
Tax reform is a policy implementation by the government through which a few alterations are made to the tax system in order to overcome the loopholes and enhance the effectiveness…
Oil prices – what to do? – II
Classification of crude oil is based on viscosity (lightness or heavy) and sulfur level (sweet and sour/high, medium and low). Based on these two factors, there are six combinations or…
Covid-19 crisis — Philanthropy’s response in Pakistan
The Covid-19 has confronted the world with a new and emerging challenge whose complete scale and magnitude are yet to be properly understood and established. The Federal and provincial governments…
Allama Iqbal on equitable taxation
In this article, we are highlighting the ideas of the great thinker, philosopher and poet, Allama Muhammad Iqbal, on economics and taxation. He is popularly praised and acknowledged as Musawwir-e-Pakistan…
