Informal economy: the only path?
"Wage jihad against the four ills of our country: poverty, illiteracy, injustice, and corruption" was the PM's New Year resolution. Who could disagree? Not even those who look to the…
In praise of informal economy
Two headlines on the front page of Business Recorder (January 2, 2016) were chicken soup for the soul of this Shakespearean fool. First dollop: "SBP regulations for the debt-property swap". Delicious. Good…
The informal economy
New estimates indicate that Pakistan’s informal economy is larger than previously approximated, and is expanding at a rapid pace. On the other hand, the formal sector appears to be on…
Our informal economy
According to the growth diagnostics framework I discussed in one of my previous articles, high taxation is one of the potential candidates for becoming a binding constraint to economic growth…
The slowdown in real economy
Over the past month, it seems that the feel-good factor has returned. The stock market is in a bullish run and the currency is relatively stable. There are some small…
Can economy afford another Dar tenure?
Key economic indicators reflect a worsening trend (as per data released by the Finance Division) in July-August 2023-24 against the comparable period of the year before: remittances declined by 21.6…
Capital suggestion: Informal sector
According to Pakistan's official Labour Force Survey, the informal sector employs nearly 75 per cent of the working-age population. This sector plays a pivotal role in providing income-generating opportunities for…
Economy: don’t fear when surgery is imminent
It has once again become crystal clear who really holds the reins of power in the political arena. The only way forward to steer the country out of the sandpit…
The slow poisoning of economy?
Some of the budget proposals circulating in the media — especially those recommended by the reforms and revenue mobilization commission (RRMC) –have been termed anti-documentation and anti-corporatization by analysts and…
The informal riddle
Pakistan is the world’s 23rd largest economy in terms of GDP based on purchasing power parity (PPP). It is classified as a low-income developing economy. The country is also ranked…
