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Perils of desperation

There is so much about democracy which is being bandied around every day that it drives one sick, particularly when this harangue is nothing but a mammoth compilation of blatant…

A season of good tidings

“Revolution cannot be forecast. It cannot be foretold. It comes of itself. Revolution is brewing and it is bound to flare up.” – Vladimir Lenin Pakistan seems to be engulfed…

Multiple challenges

Pakistan is the fifth most populous country in the world which as on August 23, 2022 is 230,052,620 as per worldometers. It shares borders with two important regional powers, China…

FATF and its impact on country’s economy

Pakistan has gone through so many challenges and adversaries in its relatively short life span of 75 years that it is not only remarkable, but it shows its resiliency and…

New PM and reforms agenda

Pakistan needs all out fundamental structural reforms in all areas of governance. However, the most important and immediate is political stability — the main challenge faced by the 23rd Prime…

Pakistan and FATF mandate

The Financial Action Task Force (FATF) released the Report on the State of Effectiveness and Compliance with the FATF Standards in April 2022. This report contains a comprehensive overview of…

The FATF ordeal

The four-day-long sixth plenary meeting of the Financial Action Task Force (FATF) concluded on March 4, 2022 with adoption of amendment to recommendation 24 and its interpretive note. The purpose…

FATF & real estate reforms

The real estate sector is an attractive sector for money launderers. They conceal their illegitimate earnings, disguising their identities and laundering funds. Financial Action Task Force (FATF) is considering revision…

Identity theft and benami law in Pakistan

Readers may test their vocabulary before reading this article by asking themselves meaning of the word “benami” in common parlance. Many people might have never heard this word and many…

AI, new weapon against money launderers

Money laundering is a worldwide menace. According to the United Nations Office on Drugs and Crime, money laundering accounts for up to 5% of global GDP - or $2 trillion…