An amended or new NAP?
THE handover of Swat to the civil administration was a victory of the collective resolve to defeat terrorism, but the violent protests by the Tehreek-i-Labbaik Pakistan recently have exposed the…
A gathering storm
The new World Bank biannual report, Global Economic Prospects (GEP), carries an ominous sub-title ‘Darkening skies’. It is sombre reading as it sketches the rising risks to the global economy,…
Austerity, reform, PTI and the status quo
One way to see the economic crisis that has claimed Asad Umar as its first ministerial victim is as the product of two simultaneous deficits. There are too few taxes…
Destabilising the PPP
THE JIT report in the money-laundering case implicating top PPP leaders has generated a political storm. An attempt to bring about regime change in Sindh has exacerbated matters. The federal…
Research and revolution
It is said that angst and anger helps produce the most creative work and the best minds are those that can translate their angst into ideas and actions to steer…
Democratic deficit in global financial system
The government believes that Pakistani nationals having more than 152,500 offshore bank accounts could have stashed away a hefty sum of $11 billion, half of which is presumed to have…
Budget 2019-20: Essential reforms
In this article, we are presenting some fundamental institutional/structural reforms in tax system prior to announcement of budget 2019-20. For the last many decades, the main emphasis of every budget…
A ‘unique’ brand of warfare?
HANDS up if you’ve heard the terms ‘fifth-generation warfare’ and ‘hybrid war’ recently on Pakistani media, both print and television, and on social media. According to those who believe that…
Money laundering – I
Last week, the Prime Minister of Pakistan announced four fundamental steps with respect to the economic program, for immediate future. Notably, taking strict actions against money laundering activities is one…
Money laundering – II
In the first article on this subject, carried by this newspaper on December 5, 2018, general definition and process of money laundering was described with reference to Pakistan's, India's, Britain's…
