Economic crises
WE face today our worst economic crisis in decades, with inflation at its highest since 1975. Such crises are a way of life for us with 25 seen since 1947.…
Debt and austerity: developing world deep in economic crises
In its ‘World Economic Outlook, October 2023’ Report, the International Monetary Fund (IMF) has said that ‘The global recovery from the Covid-19 pandemic and Russia’s invasion of Ukraine remains slow…
Economic crises
Economic crises shine a spotlight on a society’s inequities and hierarchies, as well as its commitment to support those who are most vulnerable in such grievous moments. The calamity created…
The roots of recurrent economic crises
Once again, the symptoms of a financial crisis have become apparent. Over the last year, the deficit on the current account of the balance of payments has shot up by…
Pakistan – a state in economic crises – I
This series of three articles is an attempt to identify the causes of the economic crises Pakistan has been constantly facing since the end of British colonial regime. It will…
Pakistan – a state in economic crises – II
Political independence or governance: The creation of a separate political state has no direct relationship with the economic mindset of the common man and their inspiration. Lack of economic and…
‘Economic Resilience Act’—I
‘A resilient society is able to react to and respond after a shock. Resilience even opens new doors to enhanced growth and sustainability. …The concept of resilience can also be…
Impending crises
WE may be among the most crisis-prone nations globally. In this writer’s view, we have faced nearly 30 crises since 1990 or one every 14 months on average. This includes…
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 —…
Domestic economic thought, profession, and ‘dual-track’ pricing mechanism
Although Pakistan came into existence at a time when there was a deeply renewed focus on economic thought process globally in the wake of establishment of Bretton Woods institutions a…
