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Pakistan deserves recognition

Pakistan’s progress in handling the threat of terrorism and curtailing it significantly is a success story in itself. With continuous efforts of security forces across the country and overcoming the…

Documenting economy

To achieve financial inclusion-related objectives National Financial Inclusion Strategy (NFIS) was launched by Pakistan in May 2015. The strategy was devised to achieve short-term as well as long-term goals. The…

Twin deficit

ISLAMIC banking currently accounts for 17 per cent of overall banking assets in Pakistan. Notwithstanding the talk about its double-digit growth, its share is not impressive, particularly for a predominantly…

A spendthrift budget

Federal Finance Minister Ishaq Dar presented last Friday his fifth and presumably his and the PML-N government's last federal budget before the next general elections. There is not much to…

IMCTC is shaping up?

The Islamic Military Counter-Terrorism Coalition (IMCTC), thought up by the impetuous Saudi Crown Prince Mohammad bin Salman two years ago, was formally launched the other day at defence minister conference…

Taxes and social democracy

“The perks culture has also held real estate development hostage for decades as officials seek to reward themselves through plots. Government sponsored developers such as the DHA and Coop societies…

The FATF challenge

The importance of risk-based approach in curtailing the movement of illicit flows of funds is paramount. The significance of this approach is also stressed in recommendations of Financial Action Task…

Actions should suit resources

We are back into the IMF’s 3-year $6 billion Extended Fund Facility (EFF) arrangement having received a $500 million tranche by pledging, by way of collateral, to increase taxes by…

Simplification of taxes for growth — III

In this concluding part, we are highlighting various proposals already given to the government of Pakistan Tehreek-i-Insaf (PTI) and some new ideas for restructuring tax administration on national level. Additionally,…