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The rising oil prices

In Pakistan, petroleum prices were raised yet again to Rs248.74 per litre for petrol and Rs 276.54 for diesel. This is the fourth time petroleum prices have been raised in…

Oil prices – what to do? – II

Classification of crude oil is based on viscosity (lightness or heavy) and sulfur level (sweet and sour/high, medium and low). Based on these two factors, there are six combinations or…

Reaching and implementing correct prices

Most economists rightly emphasize the role of the state in providing public goods and correcting market failures, but they often neglect the history of how markets came into being in…

Unpacking The Flour Crisis

Unpacking the flour crisis

Do you remember the commodity price crisis of years 2006-08? Even though Pakistan had produced sufficient wheat to meet its domestic requirements and remained insulated from most of the factors…

Rising food prices

Food prices have been rising rapidly in the last few months. According to the Consumer Price Index (CPI), the inflation rate in food prices was only 1.4 percent in the…

About The ‘flourishing Democracy’

About the ‘flourishing democracy’

Last week, during an interview to a TV channel when the US Ambassador in Pakistan was asked whether the US will support those who want to derail democracy in Pakistan,…