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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.…

‘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…

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…

IMF macroeconomic projections

The press release of the 9th of May by the IMF highlights that the IMF Executive Board has completed the first review of the Extended Fund Facility arrangement with Pakistan.…

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…

Economic diplomacy is the way forward

This is the first of a two-part series detailing National Security Policy’s (NSP) foreign policy’s focus on economic diplomacy – a focus that is a challenge as the world moves…