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Pak Affairs

The CPEC Front

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The CPEC Front Since its launch by Chinese President Xi Jinping in 2013, the Belt and Road Initiative has been playing a dominant role in social and economic development of the BRI- and non-BRI countries. Colossal investments backed by China’s highest authority, President Xi himself, continue to play a pivotal role in various areas. Enhanced regional connectivity, and the cooperation ... Read More »

Recent Tax Measures to Combat TAX EVASION

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Recent Tax Measures to Combat TAX EVASION Among many reasons of low tax-to-GDP ratio, tax evasion at corporate and non-corporate levels is the principal one. Tax-registered persons are much fewer than the persons who are liable for registration under tax laws. Even the registered persons try to evade taxes by under-reporting their taxable incomes. A large number of registered taxpayers ... Read More »

Rashakai Special Economic Zone

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Rashakai Special Economic Zone China, the new economic powerhouse of the world, is implementing its plans to reach out to the world’s important strategic points and have a considerably dominant role in global market, through its ‘One Belt, One Road’ (OBOR) Initiative. Having unparallel global impact, this is an economic initiative unprecedented in the modern world history. China-Pakistan Economic Corridor ... Read More »

Paigham-i-Pakistan Code of Conduct for Religious Harmony

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Paigham-i-Pakistan Code of Conduct for Religious Harmony 1. It is obligatory on every citizen of the country to recognise and accept the Constitution and fulfil their oath of loyalty towards the state. 2. All citizens in the country should ensure implementation of all basic rights of the people enshrined in the Constitution that pertain to social and political lives, freedom ... Read More »

TERRORISM FINANCING LAWS IN PAKISTAN

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TERRORISM FINANCING LAWS IN PAKISTAN Introduction “The first step towards a science of law is the making of distinction between what comes within and what does not come within the legal meaning of a rule.” —Roscoe Pound If Pound’s axiomatic first step is taken in understanding laws related to Financial Action Task Force (FATF), it will transpire that many laws ... Read More »

ECONOMIC DIPLOMACY The New front in foreign policy of Pakistan

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ECONOMIC DIPLOMACY The New front in foreign policy of Pakistan In the contemporary world, only those countries enjoy prestige and power in the global arena which have strong, prosperous economies as well as vigilant diplomats pursuing the interests of their countries in other countries. Although the concept of diplomacy, traditionally, is considered related to state-centric analyses of mainly political agenda, ... Read More »

The Pension Bomb

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The Pension Bomb “The government is paying Rs470 billion on account of pensions [to former government employees or their spouses]. This amount is almost equal to the amount [Rs500billion] that we pay to the existing government employees as salaries. At many universities, the amount spent on paying pensions has increased more than spending on salaries. The problem must be streamlined ... Read More »

Pakistan-Bangladesh Economic Ties

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Pakistan-Bangladesh Economic Ties Since July 22 when Prime Minister Imran Khan and his Bangladeshi counterpart Shaikh Hasina spoke by telephone, there have been growing calls for reconciliation between both countries as it is more than evident that political and economic compulsions appear to be taking both the leaders towards rapprochement. Despite an unfriendly political environment, trade has been considered one ... Read More »

Pakistan’s Enduring Governance Challenges

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Pakistan’s Enduring Governance Challenges   Asadullah Noonari It is the quality and features of governance that translate the extent of peace and stability and prospects of economic development in a country. The word governance is derived from the Greek word ‘kubernaein’, meaning steering or piloting. It was also used by Plato concerning how to design a realm of rule. In ... Read More »