In my previous article, ‘Escaping the IMF trap’ (December 31, 2025)), I examined Pakistan’s recurring cycle of IMF dependence – where successive programmes provide short-term macroeconomic stability but fail to…
THIS year’s Nobel Prize in Economics was awarded to Philippe Aghion, Peter Howitt, and Joel Mokyr for reshaping how we understand economic growth in the long run. Their core idea…
The rapid advancement in artificial intelligence (AI) has brought us to another civilisational crossroads. As we head towards another wave of ‘creative destruction’, in Schumpeter’s terms, the rules seem to…
ALIPUR tehsil of district Muzaffargarh, 80 per cent of whose population has been marooned for weeks, is situated between two mighty rivers and is close to Panjnad where five rivers…
aMonths of negotiations have failed to end the war, and there is little expectation that the fresh round of talks, mediated by Egypt and Qatar, will succeed. While Hamas has said it…
AS the world acknowledged the significance of water to lives, livelihoods and ecosystems during World Water Week, Pakistan continued to grapple with one of the biggest water-induced disasters in its…
People tend to cling to ideas formed previously; they tend to work better within already established networks; and they tend to be more comfortable with associations that are familiar. Even…
What politicians are doing these days in Pakistan is both interesting and disturbing. The country already faces the economic point of no return. And now the judiciary also stands divided;…
This is in continuation of the three articles in which I had discussed Pakistan’s critical need for debt restructuring and transformational reforms (described as ‘creative destruction’) to reconstruct the country’s…
Previously I discussed why Pakistan needs to break the IMF cycle of bailout programmes through debt restructuring and transformational reforms. I described this process as ‘creative destruction’: how we need…
