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…
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…
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…
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…
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…
