A broken economic system
Only the rich countries can afford the luxury of free market economy (FME). Indeed, FME is a luxury the rich countries have enjoyed to the hilt over the last 40…
Human hybrids in economic system
What is more important - knowledge of economics as taught and practised in the West or Wisdom as practised in the East or local level ethics? Pakistan has always been…
Is Western economic system relevant to Pakistan?
The time has always been ripe to question the western system of economics and how these have been developed for their own convenience. Examine any aspect of macro policy and…
China’s debt-laden local governments pose challenges to economic growth, financial system
China’s push to revive the economy this year by increasing infrastructure spending while warding off financial risks is facing headwinds from massive local-government debt, which is more than $9 trillion…
Circular debt and the economic eco-system
Reading a recent leader story in this paper about the government's intention to issue $5 billion worth of T-Bills/PIB's in lieu of the circular debt has prompted me to write…
Economics over politics
It is quite interesting to see how losses in the economy are playing havoc with gains in politics. World politics is passing through a different and difficult phase of bickering…
Economic dystopia incentivized
Can you guess what country has the world’s worst financial inclusion statistics? It is Pakistan. With 115 million unbanked adults (adults with neither a bank account, nor a mobile money…
Power system and blackouts
On January 23, 2023, another country-wide power breakdown hit the country; not the first time, but the first of the year 2023. This time (again), an inquiry will be conducted…
Another economic disas-Dar
The Sharifs of London have miscalculated badly, but the costs of the miscalculation and the disas-Dar being unleashed on the economy are not going to be borne by them. Nor…
Fixing the taxation system – Part II
Studies on sectoral incidence show that industry bears more than two-thirds of the tax, while the services sector bears about 21 per cent and agriculture 3.0 per cent. In the…
