Solar flipflops and the energy crisis
Pakistan’s energy landscape is in upheaval. The government’s recent slash of the net?metering buyback rate -- from Rs27 to Rs10 per unit -- has sparked fierce debate. Awais Leghari, the…
Macroeconomics of empty promises
The State Bank of Pakistan’s (SBP’s) foreign exchange reserves have dropped by nearly a billion dollars in just eight weeks, from December 13 to February 7. This decline occurred despite…
How to solve the leadership crisis
Poor countries are poor because those who have power make choices that create poverty.” This profound wisdom from Daron Acemoglu --recent Nobel laureate (October 2024) in economics and co-author of…
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,…
Renewable energy: solution to energy crisis
The power sector of Pakistan has remained under severe stress for more than two decades. To fill the gap between supply and demand the government introduced three Power Polices in…
Global economic crisis: Neoliberalism, debt sustainability, SDRs, and multilateralism
The global economy is facing existential threats of climate change and Pandemicene crises. The underlying basis for the perpetuation and hastening of both the crises is Neoliberalism. Here, it needs…
Crisis radar falls on fault lines in Europe’s commercial property
European banks appear better positioned than US peers to weather any stress from commercial property after an interest rate surge, but that does not mean Europe is out of the…
SDR allocation, monetary tightening, inflation, and banking crisis
While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs) allocation, and instead pushes countries, including Pakistan, under its programmes to adopt austerity and…
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…
Venezuela: the decline of an oil giant in crisis
Leaks, rusted pipes, pieces of broken equipment scattered about and staircases leading nowhere: Lake Maracaibo’s oil field is a metaphor for Venezuela’s once-flourishing petroleum industry that is now on its…
