The global economy of today exists in two parallel realms: the surface economy that is circumscribed by international and domestic regulation and oversight; and the shadowy economy that is large, amorphous, and fast-growing. Money laundering feeds this shadow economy, and it creates many domestic and international security risks, including the financing of nefarious non-state actors, promoting corporate and individual tax evasion, worsening economic inequality, and sustaining organized criminal activity. Leaks in recent years such as the Panama Papers, Russian Laundromat, and FinCEN only give us a glimpse of the problem. Yet the main bodies in charge of oversight of this space, such as the Financial Action Task Force (FATF) have a very limited focus, and even a political agenda of their own. For example, the FATF ranked United Kingdom’s (UK) compliance as the best in the world, although it is still marred by inefficiencies and is a work-in-progress.
Dynamics of Sabre-rattling in Indian Electoral Politics and Future Trends
The history of Pakistan and India is marred with enduring rivalry. In the last seven decades, the two neighbours have been embroiled in full-fledged wars and limited conflicts. With a Hindutva-inspired regime in power for nearly a decade, an aggressive anti-Pakistan narrative has been a key facet of its policy framework.
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Potential of Pakistan’s IT Industry: A SWOT Analysis
In recent years, Pakistan’s IT industry has shown significant potential for growth while confronting various challenges. This Working Paper presentsa comprehensive SWOT analysis to assess the industry’s Strengths, Weaknesses, Opportunities, and Threats in detail. It identifies a young demographic base; large freelancing sector; and financial attractiveness for offshore outsourcing of IT services as the major strengths of Pakistan’s IT industry.
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Israel-Iran Standoff and Global Oil Prices
The war on Gaza since early October last year has had a limited impact on global oil prices, unlike the spike in oil prices that followed the war in Ukraine, as neither Israel nor the besieged Gaza Strip are significant oil producers.
For context, global Brent crude oil prices increased briefly after the initial violence in early October
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