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Future at stake: deindustrialization–II

The analysis presented in the first part (carried by the newspaper on Wednesday) of this two-part series of article can be granulated to capture the trends in Punjab. The province…

Future at stake: deindustrialization—I

Following the Information and Communications Technology (ICT) revolution of the 1990s, the international economy entered a second phase of globalization. The trend for developing countries within the GVCs (global value…

Countering market fundamentalism

Amidst a deep economic and financial crisis, the pundits of the neoliberal world are again prescribing a recipe for disaster, piling pressure on the government to privatize state-run entities and…

Investment-friendly Pakistan?

The Pakistani ruling elite routinely makes tall claims about attracting massive investment that it believes can transform the country. Sections of media instantly jump on this narrative, spreading it on…

Saving democracy

When the dark era of Gen Ziaul Haq ended abruptly in 1988, it rekindled the hopes of millions that Pakistan would be on the right track. Most people thought that…

What after the IMF credit?

Dollars are pouring in following the conclusion of a $3 billion short-term credit programme with the IMF. Pakistan has received the first tranche of $1.2 billion under the short-term (nine…

This is a time of deep introspection

Pakistan is spiraling into abject poverty and is slipping further into the abyss. The World Bank (WB) reports that over the last three years, real incomes have declined at a…

Towards industrial policy 2.0: Part – IV

The end purpose of an industrial policy for Pakistan should be to achieve competitiveness through higher productivity which brings greater profits for entrepreneurs, higher wages and better working conditions for…

Income inequality: export-led growth only solution

Pakistan is currently in difficult circumstances, grappling with deindustrialization and widespread unemployment. The country’s inflation rate at 36.4% has forced millions of families into subsistence conditions. Shockingly, 22% of the…