‘Cancel my debt, I’m flooded’
“THERE is a tide in the affairs of men/ Which, taken at the flood, leads on to fortune.” So said Shakespeare, little knowing that in Pakistani English his words might…
SOEs: performance & accountability
The World Bank’s recent report, titled ‘Pakistan Development Update, fiscal impact of Federal State-Owned Enterprises’, highlights a significant improvement in our economy, attributed mainly to enhanced and better management strategies,…
Pakistan’s debt dilemma: navigating turbulent waters
In the intricate fabric of Pakistan’s economic landscape, a daunting debt crisis casts a long shadow, threatening the nation’s quest for stability and prosperity. Recent revelations from key economic institutions,…
Need for reforms and accountability
Corruption will continue to thrive until justice systems can punish wrongdoing and keep governments in check. When justice is bought or politically interfered with, it is the people that suffer.…
IMF and the ideal of accountability
The international lending agencies are often under criticism that they dole out loans to developing countries while foregoing due diligence of the systems set-up for the transparency of purposeful utilisation…
Chinese defence firm has taken over lifting Venezuelan oil for debt offset
China has entrusted a defence-focused state firm to ship millions of barrels of Venezuelan oil despite US sanctions, part of a deal to offset Caracas’ billions of dollars of debt…
Power sector: accountability
Briefing the National Assembly Standing Committee on Power on the performance of power sector, its financial position, and other issues, federal secretary for power stated that: “If any sector that…
Cancel the debt
Last week, the G20 group of rich countries decided to postpone the debt payment that is due to be paid to G20 governments up to the end of 2020 for…
Overcoming debt burden
The newly-elected Prime Minister, Imran Khan, after taking the oath of office, in his maiden address to the nation on August 19, 2018, very rightly observed that the most dreadful…
Debtocracy & enslavement
All indicators show that our economic managers, due to imprudent economic and tax policies, have pushed Pakistan into chronic, unremitting, unceasing debt-enslavement. Debtocracy, a term yet to become part of…
