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China’s AIIB Initiative

China’s AIIB initiative

The Asian Infrastructure Investment Bank (AIIB), backed by China as a potential rival to the World Bank, the Asian Development Bank and other international lenders, opened on January 16, 2016…

The Birth Of AIIB

The birth of AIIB

The Asian Infrastructure Investment Bank (AIIB) with a total paid up capital of 100 billion dollars was launched amid much fanfare in Beijing with 50 countries signing the articles of…

Pakistan’s Aramco deal

Pakistan’s economy is on an upward trajectory, capturing the attention of the global community. This positive momentum can be credited to the successful military diplomacy led by army chief General…

Are we moving away from the dollar?

The dollar got the status of a reserve currency after the aftermath of World War II by the 1944 Bretton Woods Conference. World War II brought fortunes for some countries,…

Heavy indebtedness & power sector crisis

In terms of new commitments, the Government of Pakistan signed new agreements, worth USD 7,228 million, during the period under review. These commitments comprised financing agreements signed with foreign commercial…

Law and the super tax: Part – I

Former member of parliament of the United Kingdom William Cobbett is famously known to have stated: “Nothing is so well calculated to produce a death-like torpor in the country as…

The ebb of external inflows

The Ministry of Economic Affairs has released the statement of May 2023 on Disbursement of Foreign Economic Assistance to Pakistan in the first eleven months of 2022-23. The year 2022-23…

Lender of last resort

The US was the main beneficiary of a new international financial system that emerged after World War II. The World Bank and the International Monetary Fund became the main source…

Rekindling relations

After closed-door negotiations from March 6 to March 10 in Beijing, China, a joint trilateral statement by China, Saudi Arabia and Iran announced the rekindling of good neighbourly relations between…