Pak Affairs

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 …

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, …

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 …

THE DIRECTION OF TOURISM IN PUNJAB Asim Raza The overall dimension of tourism in Punjab is going to change. The statement might sound a bit exaggerating at the moment, yet, in reality, it is as honest and factual as one can aspire any quality news to be. After reading this article, you will also be in consonance with me in …

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 …

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 …

Nuclear diplomacy of Pakistan Aftab H. Wahla Since the dawn of the nuclear age – with the dropping of nuclear bombs on Hiroshima and Nagasaki in 1945 – nuclear diplomacy has been on the centre stage in international affairs. The post-war multilateralism has given significant expansion to the scope and jurisdiction of traditional diplomacy and, today, economy, technology exchange, scientific …

National Tariff Policy (2019-2024) A WAY FORWARD Omer Hussan Bajwa   Introduction During the last two decades, Factory Asia has taken the central position in global trade. China has emerged as a new demand-and-supply hub. India, Bangladesh and Vietnam have earned great dividends in this changing paradigm. However, Pakistan has not been seen anywhere in securing benefits. Pakistan is globally …

Fourth Industrial Revolution and Pakistan Take it as an opportunity Mujahid Mustaqeem When the first, second and third industrial revolutions took place, people in many countries thought that the arrival of the computer and internet would claim many jobs. However, all three, in fact, turned out to have created job opportunities for the masses across the globe over the years. …

Enforcing GST on E-commerce Transactions Bilal Hassan Likewise, services supplied by non-resident service-providers to resident customers are subject to VAT/GST if, under the place-of-supply rules, the services are deemed to be supplied in the customer’s country; services that are deemed to be supplied outside the country are treated as outside the scope of VAT/GST system.