Tax reforms: a new approach
All economists agree that a good tax system is one that raises money with minimal distortion to the economy. In Pakistan, the tax system is the main source of many…
Facing the dark
Anyone who wishes to understand the drama being enacted at the Supreme Court in Islamabad should watch the film Shatranj Ke Khilari, Satyajit Ray’s brilliant adaptation in 1977 of Munshi…
Progress versus disruption
I write these lines not as a politician or a chief minister but as a common citizen of Pakistan. Barely 24 months back, we had the infamous Islamabad dharna. Once…
Securities law in Turkey – III
Available exemptions for securities: An issuer stands exempt from issuing a prospectus in the following circumstances: 38. (a) Where capital market instrument is issued as a result of a merger,…
Capital market: the right approach
Capital Market is divided into two components; one deals with equity securities while the other with long-term debt securities. These securities include government securities and corporate securities. Today's discussion is…
Of taxpayers & non-filers!
Non-collection of tax where due, is as detestable as its collection, where it is not due- CIT Companies, Lahore v State Cement of Corporation (Pvt) Ltd, Lahore 2002 PTD 1603…
PSX and its prospects
Financial markets - capital or money markets - are important elements of any economy. Investor trust helps flow of funds through financial markets. It all depends upon the role of…
China tries charm to reassure over slowing growth
China's normally reclusive central bank chief Zhou Xiaochuan is an unusually prominent presence at the G20 finance ministers meeting in Shanghai, racing from seminar to news conference to spread positive…
The new order
Donald Trump is the new president of the US. The predictions have all gone wrong; all estimates have been stumped – no, trumped. The angry American has spoken and the…
Need for financial reporting council
There is dire need to establish Financial Reporting Council (FRC) in Pakistan as an autonomous regulator to promote corporate governance and reporting to safeguard the interest of all stakeholders. The…
