As India’s longest equity slump in nearly three decades wipes out roughly $1 trillion in market capitalization, the major blow to retail investors is denting consumer spending and threatening to…
SYSTEMS in Pakistan often operate below potential. We could be close, but remain mired in red tape, beholden to power structures and burdened by hidden and friction costs. Despite an…
Decades ago, when this scribe was a student of Botany, at the Government College, his ecology professor had noted “they imposed an engineering solution onto a biological/ecological problem”. He was…
In 2019 when I was the Chairman of Federal Board of Revenue (FBR) I asked my Director General International Taxation to collect the data of persons holding ‘Iqamas’ of the…
Venal and rent-seeking elites are a global phenomenon, but most countries don’t have to deal with the lack of imagination and basic incompetence that Pakistanis do. Every day the evidence…
As Asia’s banking sector navigates a peak in global interest rates and risks of slower growth, investors are wagering that banks in India and Indonesia have the strongest loan and…
Angola and the Democratic Republic of Congo are pinning hopes for economic revival on the revamp of an iconic African railway connecting mineral-rich inland areas to the Atlantic Ocean. Earlier…
The budget was really not a budget per se. We have come to expect major policy measures being enacted, loads of fresh taxes for the law-abiding and goodies for the…
Our fiscal space is wafer thin. The economy is starting to pull back from a precipice. The International Monetary Fund (IMF) Staff-Level Agreement (SLA) is around the corner and has…
We are living in the age of uncertainty. Last month, during the 48th G7 summit, held in Germany, member countries came up with a new initiative called the Partnership for…
