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Economics of the solar boom

Pakistan’s ongoing solar boom is often explained through falling technology costs and abundant sunshine. This narrative is arithmetically correct but philosophically shallow. A deeper explanation emerges when the phenomenon is…

Quest for economic sovereignty

IN 1765, undivided India lost its financial sovereignty when Mughal Emperor Shah Alam II granted the East India Company the right to collect taxes (diwani) in Bengal, Bihar, and Orissa.…

Moral economics

In an age of economic disparity, social unrest and climate volatility, the concept of ‘moral economics’ is no longer an abstract philosophical ideal but rather a pragmatic response to a…

New economic frontier

For decades, Pakistan’s government and bureaucratic systems have been viewed as mired in red tape and resistant to innovation. The country’s administrative machinery, both within and from outside the country,…

The flawed economics of the IGCEP

One of the ten commandments for electricity planning is ‘Thou Shalt Not Expand Electricity Supply Without Industrial Demand’. New power plants become stranded, costly monuments to poor planning without industrial…

Pakistan’s economic strategy

The overarching economic strategy of the incumbent government is not quite focused on achieving macroeconomic stability, though that is certainly a stated objective, or to implement pro-growth policies — pledged…

Can Pakistan avoid economic collapse?

The looming spectre of a food crisis and economic instability poses a significant threat to Pakistan, as the nation grapples with alarming projections for the forthcoming decades. By the year…

SEZs and economic development

During the decade of the 1980s a paradigm shift took place in the minds of economic policy makers; the movement in thought process was rooted in the idea that economic development…

An economic miracle

Consider a country where utter poverty led to people starving to death. With limited natural resources and more than 7,000 individuals per square kilometres of population, as against Pakistan's around…