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…
"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…
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…
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…
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…
Pakistan has one of the fastest population growth rates in the world, and considering an ever-expanding population base, it is estimated that more than 1.6 million marriages happen in the…
The budget 2024-25 formulated to qualify for the 25th IMF programme has been passed by the parliament. Now the IMF bailout programme is very much in sight. In the market,…
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…
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…
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…
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…