Stories about black money

For how long will you blame the previous government for your failures, PTI?

It has been only seven weeks since the Pakistan Tehreek-e-Insaf (PTI) government took over the reins of the country and it is already evident that the government, especially its finance minister, has no clue of the direction the economy is taking. It is, of course, the fault of the PTI leadership, who brainwashed its followers into believing that Imran Khan could change the face of Pakistan by eliminating corruption and recovering the looted money immediately after winning the elections. Perhaps the slogans were deliberate; Imran and his associates knew that it was impossible to achieve so much in such a ...

Read Full Post

How to get rich while saving billions in taxes in Pakistan

I’ve read a lot on how to get rich in a short span of time if you are living in a developing country like Pakistan. But all the writers of such articles have missed the easiest method of all – collude with the customs to cheat the government. One way of doing this is what an enterprising importer did recently. In this case alone, the company must have cheated the government of at least Rs100 million by importing 80,000 cell phones (which were recovered from the bungalow) without any payment of duty and taxes. In another raid, the authorities seized a container (belonging to the same ...

Read Full Post

ATMs in India are running dry, so why is the government still touting successful demonitisation?

Three months down the line, and India is still sifting through the mess created by Prime Minister Narendra Modi’s sudden announcement that he was pulling currency from the Indian economy. While the government promised that stability would return in 50 days and asked the people to support the authorities, things still seem shaky. The government has been touting the success of demonetisation as ATM’s run dry and weak economic indicators are being reported. According to the Reserve Bank of India (RBI), money is still being counted and the picture is still a bit hazy as to how much of the returned money ...

Read Full Post

Why are you silent on the amnesty bill for property sector thieves, Imran Khan?

It has finally happened. For the past five months, our government strongly resisted pressure from property sector players to grant them amnesty to retain stolen money. This week, the National Assembly – composed mainly of crooks – approved a bill which will enable these thieves to whiten their black money by paying back only 3% of the amount that they have looted from the nation. Property investors and builders are jubilant. This scheme allows them to whiten seven trillion rupees instantly, while paying a piddling amount to the exchequer. Prices of their plots, bungalows and apartments will undergo a phenomenal increase, making it impossible ...

Read Full Post

Why Modi is as bad as Trump

We are living in extremely dangerous times. Many of you would imagine I am referring to the election of Donald Trump, a xenophobic, misogynist, white supremacist, “nasty” man as the US president. I am not. I am referring to an even more terrifying phenomenon; which is our willing suspension of disbelief in election times. This is the very phenomenon which enables evident liars, of the ranks of Trump and back home, Prime Minister Narendra Modi and team, to work up crowds with promises that any sane man would know are hoax, and get elected to office. And still worse, defeat the right ...

Read Full Post