The myth of economic progress
One myth that is paraded as a fact is that military rule has always ushered in an era of progress and prosperity for the country. The latest statement of the…
Economic progress draws wide praise
American envoy's recent appreciation of Pakistan's brilliant economic and administrative performance is based on realistic benchmarks so it should be evaluated objectively ie in the realistic perspective. Take into account…
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…
A progressive pope?
BEFORE going in for heart surgery, a “rather vain Jesuit” asks God whether this is the end, and is informed that he would live for another 40 years. Delighted, he…
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…
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…
Prioritising education for economic development
Pakistan’s economy is steadily recovering from the downturn that began in 2019-20. Key macroeconomic indicators are improving -- economic growth is on an upward trajectory, inflation is declining, the trade…
A vision for progress and prosperity
As we complete the first year of the PML-N government, it is an opportune moment to reflect on our achievements and reaffirm our commitment to a prosperous future. Under the…
India’s Modi looks to new economic playbook as risks mount
After world-beating economic growth last year, India’s policymakers are scrambling to head off a sharp slowdown as worsening global conditions and domestic confidence wipe out a recent stock market rally.…
