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The macroeconomics of electricity tariffs

In Pakistan, the landscape of power tariffs is shaped significantly by the framework of Power Purchase Agreements (PPAs) and is directly connected to macroeconomics. Under these agreements, the costs associated…

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,…

Leadership and economics

Upon the conclusion of every single overseas visit I am filled with sadness and a deep sense of disillusionment. This is despite a divinely blessed deep reservoir of optimistic attitude…

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…

Demonetizing for growth

Currency in circulation makes up almost 20 per cent of Pakistan’s GDP, increasing from eight per cent, only about a decade back. Explosive growth of money supply has led to…

Political economics

The ongoing political protests and marches organized by opposition political parties and interest groups against the government have started a new wave of demonstrations and rallies, with the government public…

Calamities, debt crisis, growth: prospects – I

Natural disasters such as floods can have detrimental effects on growth as they depress both supply and demand, and require substantial resources to mitigate the negative consequences for economic activity.…