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…
US closes key money-laundering, tax evasion channel
A major avenue for global money laundering and tax evasion has been closed off by a new law requiring disclosure of owners of US shell companies used to hide billions…
PTI, FBR & tax directories — I
Failure of the coalition of Pakistan Tehreek-i-Insaf (PTI) vis-à-vis economic governance, changing four finance ministers and five chairpersons of Federal Board of Revenue (FBR) during its tenure since August 2018…
UK’s role in global illicit finance?
On the face of it, the UK government has made good progress in implementing the actions of its 2019 Economic Crime Plan. According to one study, 80% of the actions…
Our national priorities
The claws of corruption have engulfed us, and its force is getting stronger with each passing day. Although the incumbent government came into power with the slogan of eliminating corruption,…
Leaks and challenges—II
White collar crime investigations need special expertise to deal with different nature of financial crimes. However, our top institutions, such as National Accountability Bureau (NAB) that takes pride being autonomous,…
Amendment in FATF Recommendation 23
Recommendation 18 of the Financial Action Task Force (FATF) requires that financial institutions should implement programmes against money laundering and terrorist financing and that financial groups should implement group-wide programmes…
