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This year’s economic scorecard

The year 2024 represents a critical juncture for Pakistan’s economy, characterised by a confluence of significant challenges and emerging opportunities. Throughout this period, Pakistan encountered a range of obstacles arising…

Economic fallout

WHAT happens to an economy when it is hot outside? Globally, record-breaking temperatures have been witnessed in the past few years. There is evidence that heatwaves dampen economic output, causing…

IT boost for economic growth

Total world trade in IT services crossed $1 trillion in 2023 – and it is growing. IT services are now 14 per cent of all services trade, a big jump…

Rethinking agriculture for economic revival

In the last many weeks, I have written in these pages to share ideas for addressing the dire challenges faced by our economy. The government of Pakistan has a choice:…

Documentation for economic prosperity

Upon assuming office for the second time, Prime Minister Shehbaz Sharif has undertaken the critical responsibility of steering Pakistan through its prevailing challenges. Addressing attendees at the Tax Excellence Award…

Economic impasse and political instability

The economic challenges of Pakistan are appallingly enduring, and unless we effectively address fiscal discipline issues, expand our tax base, and eliminate resource wastage, the country’s economic stagnation is likely…

Beyond macroeconomics

The International Monetary Fund (IMF) epitomizes a global economic paradigm rooted in inequality with little emphasis on inclusiveness. Advocates of this model argue that some degree of inequality is essential,…

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…