Pricing the benefits of cheap oil in a world of economic lockdowns
The oil price collapse that took US crude prices sub-zero for the first time in history may turn out to be a silver lining for the world economy, possibly offering…
China’s economic achievements benefit the world
In 2020, our world went through a pandemic and global changes, both on a scale unseen in a century. It was truly an extraordinary year for both China and the…
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…
Resetting economic governance
We have lost count of experiments conducted to resolve challenges confronted by our economy. However, except interludes of relative stability, the economy has kept faltering with breathing space provided by…
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,…
Urgent need for deep economic policy thinking
China in the 1980s was quite similar to Pakistan in terms of economic orientation – mainly an agriculture sector, and one that was trying to industrialize, while keeping macroeconomic imbalance…
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…
A recipe for economic growth
PAKISTAN has a history of sacrificing economic growth for short-term macroeconomic stabilisation. At its core, structural weaknesses of the economy — the low tax-to-GDP ratio and foreign exchange deficit —…
Getting out of the economic boom-bust cycle
Since independence, Pakistan has largely remained a consumption-oriented economy, and together with this, growth mostly has come from light industrial base. This is because government has sub-optimally played its part…
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…
