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…
FBR: new chairman old challenges
On July 4, 2017, Tariq Mahmood Pasha, a seasoned grade-22 officer from Internal Revenue Service (IRS), assumed the charge of Chairman Federal Board of Revenue (FBR). The appointment of chairman from…
A charade much too mocking
The pit is usually a finite hole, but it can also be infinite both in its depth and the intensity of dark that one would be shrouded in when taking…
Robber barons and carpetbaggers
Prime Minister Imran Khan has very rightly used the occasion of his virtual speech at the 75th session of the United Nations’ General Assembly to bring to the attention of…
General’s ‘general law’ vs ‘special law’
The Income Tax Ordinance, 2001 was promulgated by General Pervez Musharraf, through a Presidential Ordinance on September 13, 2001, repealing the Income Tax Ordinance, 1979, which was also introduced by…
