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Debt, inequality and austerity

In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing purchasing power. They are struggling to find a decent job, to buy a proper…

Debt rescheduling challenge

The country is going through a very difficult balance of payment (BoP) situation. The core of the problem is growing external public debt and its repayment. A reduction in current…

Pakistan in deep debt trap

Pakistan’s precarious financial situation, persisting for the last many decades, has landed it into a deep debt trap where an overwhelming part of tax revenue is consumed in debt servicing…

Floods, debt, and SDRs

Pakistan is facing unprecedented floods of a profoundly catastrophic nature. While 3 million livestock have died in the flood-hit areas, the other mainstay of peoples’ livelihood in the shape of…

Floods, food & debt crises, and 77th UNGA session

The United Nations General Assembly’s (UNGA’s) 77th Session from September 13-27 comes at a very crucial time for Pakistan, as the country suffers from unprecedented floods, while it was already…

Domestic foreign policy issues

A country’s leadership is supposed to serve its economic and security interests, advance people’s wellbeing, and respond to their aspirations for progress. These objectives are achieved with a combination of…

Soaring public debt

The latest estimate of the stock of public debt of Pakistan by the SBP (State Bank of Pakistan) as of end-March 2022 is a staggering Rs 44.4 trillion. In effect,…