Pakistan: The combustible democracy


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It is pertinent to mention here that the army has dominated Pakistan’s 70 years existence and every coup has been sanctioned by judiciary. Nawaz Sharif’s premature dismissal could be due to increasing tensions between the civil and military leadership. The ousted leader’s ‘softer’ approach towards arch rival India has raised those tensions. In October last year The Dawn newspaper published a report on a National Security Committee meeting in which the government allegedly accused the army of helping some terror outfits. The inquiry report into what came to be known as the Dawn Leaks was at first rejected by the military but later accepted. The Prime Minister’s special assistant Tariq Fatmi was held responsible for the leak and supposedly sacked. Later, however, it came to light that he had continued to work for the PM. This led to further distrust between the military and the government. That trust deficit may increase.

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Emanuel Sarfraz — The Interpreter

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Inside the secret world of wealth managers


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After the Panama Papers leak, the role of wealth managers has been under spotlight.

The work of wealth managers has been described by some leading practitioners as a defence against the depredations of “confiscatory states.” Much of these professionals’ day-to-day practice occurs in an ethical grey area – a realm of activity that is formally legal but socially illegitimate. This includes the use of trusts, offshore corporations and similar tools to help clients avoid paying tax, debts to creditors or alimony to ex-spouses. Following the financial crisis and news stories such as the Panama Papers, these tactics – many of which are also used by corporations to avoid taxation and regulation – are attracting increasing public attention and condemnation.

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Brooke Harrington –The Guardian

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