AFTER nearly four-and-a-half years of trials and tribulations, Pakistan has finally exited the FATF’s so-called grey list of countries. It is a victory that ought to be celebrated as an example of what it is possible for the country to achieve when the national leadership works together towards a common goal. The exit had long been awaited, with the country hoping for a reprieve after each prog
The Federal Board of Revenue (FBR) on Saturday shared details of eight major actions implemented in the last four years that led the country out of the international watchdog’s so-called grey list. Meanwhile, Hammad Azhar, former PTI minister and head of the Pakistan team dealing with the Paris-based Financial Action Task Force (FATF), also spoke at length in interactions with the media regardi
Habib Bank Ltd CEO Muhammad Aurangzeb said on Saturday Pakistan shouldn’t seek relief on commercial debt after the devastation caused by the nationwide floods. Speaking at a conference organised by the Marketing Association of Pakistan, Mr Aurangzeb said failing to deliver on roughly $9-10 billion of commercial debt will knock the country out of the international capital markets. “We mustn’t
The phrase “property right” refers to the owner’s legal entitlement to use an asset for personal consumption or the production of income. It is also possible to include the right to give it to another party through a sale, gift or inheritance. Classical economists such as Smith and Marx accorded property rights a central position in economic development. However, it has only been relatively rec
Did you hear about the recent milk price hike? Milk sellers have increased prices from Rs118 to Rs200 per litre in Karachi. Mind you that the price increase has come ahead of winter. So you can imagine how much pricier milk could be in next summer. Before this, prices of tandoori roti and chapati rose Rs2-5. According to a Dawn report, in most neighbourhoods of the metropolis, tandoori roti is