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Towards industrial policy 2.0: Part – V

Infrastructure: Pakistan’s unending energy crisis and high-end user costs have enormously damaged industrial growth and diversification, particularly the export sector.The present model of single buyer-single seller is the root cause…

Towards industrial policy 2.0: Part – IV

The end purpose of an industrial policy for Pakistan should be to achieve competitiveness through higher productivity which brings greater profits for entrepreneurs, higher wages and better working conditions for…

Slump in industrial production

There is no end to the bad news on the on-going performance of the economy of Pakistan. Now we have been informed by the Pakistan Bureau of Statistics (PBS) that…

Towards industrial policy 2.0 -Part – II

The foreign exchange earnings from jute exports which originated from former East Pakistan were pre-empted for allocation to industrialists in what was then West Pakistan. A number of observers have…

Future at stake: deindustrialization–II

The analysis presented in the first part (carried by the newspaper on Wednesday) of this two-part series of article can be granulated to capture the trends in Punjab. The province…

Future at stake: deindustrialization—I

Following the Information and Communications Technology (ICT) revolution of the 1990s, the international economy entered a second phase of globalization. The trend for developing countries within the GVCs (global value…

Energy sector reforms

Our fiscal space is wafer thin. The economy is starting to pull back from a precipice. The International Monetary Fund (IMF) Staff-Level Agreement (SLA) is around the corner and has…

The power and energy crisis

Pakistan’s power and energy crisis has reached crisis proportions. The power sector’s circular debt of Rs2,377 billion – combined with Rs1,400 billion of the gas sector – and Rs600 billion…