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Politics over economics

This is the second of a two-part series on Pakistani administration’s focus on domestic factors while ignoring external factors which have a much greater relevance in formulation of our domestic…

FY23: Uncovering drivers of economic performance

The National Account numbers for FY2023 have been published and, unfortunately, they paint a truly dismal picture of economic performance. Under the PDM (Pakistan Democratic Movement) government, economic activity has…

Overcoming economic woes

Governments around the world try to fulfil the responsibility of creating an environment where the state generates enough resources to ensure the protection of national interests and the economic well-being…

The politics of economics!

Continuity in economic policies is considered critical in providing a sustained conducive environment for private sector activity — a continuity that is naturally disrupted with a change of government. Imran…

Economic fallout

What ails Pakistan’s economy? It won’t be an exaggeration to say that this question requires a doctoral-level thesis even to summarise the argument. Economic experts have varying views on it,…

The rationale for subsidies

Prime Minister Imran Khan has directed his adviser on finance Dr Hafeez Shaikh to form a “special cell” to review subsidies of billions of rupees being extended to different sectors…

The economics of shortages

Shortages that presage a raise in the price of a commodity have become a way of life in Pakistan – shortage of electricity, shortage of gas in the winter months,…

Informal banking: economic coercion

Pakistan is a country of contradictions. When we count the population for the purposes of allocation of seats in the assemblies and allocation of funds under the National Finance Commission…

Fragile economic recovery

Make too many promises and sooner rather than later a government will find that all can’t be kept. This is especially true as far as economic policy is concerned where…