Need for new income tax law — I
When the government of General Pervez Musharraf decided to promulgate a new income tax law in 2000, we, amongst many others, opposed it strongly. Our main objection was that his…
The ‘bill’ lacks clarity
Fool me once, shame on you, fool me twice shame on me. Asad Umer, in his second innings of the first Test of the Pakistan Tehrik-i-Insaaf government, presented a supplementary…
100-day tax reforms agenda
The administrative burden of tax compliance is hardest in Pakistan where firms have to make 47 payments and spend 594 hours (or 74 man days per year) dealing with tax…
Draining the dark pools? EU trading rules face uncertain launch
European Union efforts to bring greater transparency to stock dealing risk having the opposite effect, forcing regulators to intervene once again after new rules come into force in January. Overall,…
Financial instability
In 2016, this writer wrote as many as six articles on Offshore assets of Pakistani citizens, which have been compiled in the form of a book. This endeavour, however modest,…
Challenging the IBF model – I
During an online search on relevant topics while writing this article, the author coincidentally lands on a page where a Professor from Scandinavia, apparently disturbed by the recurring collapses of…
Pakistan capital market reforms: The road ahead — I
With the Pakistan stock market rebounding over the last several weeks there is a sense of euphoria amongst market participants. And rightly so, as the long doldrums in the market…
Pakistan capital market reforms: The road ahead — II
Front-line regulator cost compensation: It should be noted that the primary objective of PSX, i.e., facilitating capital formation in the country, cannot really be achieved unless there is thriving trading…
Investors left exposed as Trump’s SEC gives America Inc helping hand
The United States’ top market cop is slowly taking the shackles off corporations. Since becoming head of the Securities and Exchange Commission (SEC) in 2017, Jay Clayton has presided over…
Learning from China
On October 24, 2019, a very special function was held at the Hunan University of Chinese Medicine in the city of Changsha, in the Hunan province of China. A beautiful…
