The bonds that connect us
Last year, and at the beginning of this year, when I exchanged Christmas and New Year greetings on Facebook, some fellow travellers were upset. “Sir, is it okay to greet…
Islamic finance looks to outgrow bad habits as it expands
After a year of landmark deals which are opening new markets for Islamic finance, the industry is under fresh pressure to address some of its shortcomings and prove that it…
Islamic banking nears its big breakthrough in Africa
Islamic banking has grown rapidly around the world but the industry remains in its infancy in Africa. However, that might be set to change. There was a noticeable buzz at…
Emerging optimism
Pakistan has issued eight international bonds (loans) and Sukuk (Islamic bonds) that mature at various times, ranging from April 15, 2024, to April 8, 2051. Interestingly, the prices of these…
Redefining Pakistan’s economy
This article is an effort on not only understanding the fundamental economic issues but also some tough but realistic reforms that can provide immediate corrections and some medium to long-term…
Opportunities and risks for economy
Pakistan sees no immediate need for a foreign financial bailout as the nation is facing headwinds on its external front. The fundamental challenge being faced by South Asia's second largest…
Which is the most powerful entity in Pakistan?
Which is Pakistan's greatest power centre? It is neither the Federal Board of Revenue that collects billions of rupees in taxes and strikes fear in the hearts of every person…
Pakistan’s summer madness
There has been an unexpected mix of stern criticism and curiosity on my last article, ‘The builder of sandcastles’ (July 13). The angry reaction of the major political parties was…
The Syrian impact
THE triumph of the Hayat Tahrir al-Sham (HTS)-led resistance in Syria has further disturbed the geopolitical equilibrium in the Middle East and beyond. For Pakistan, this development should mean not only modifications…
Massive funding plans
The Foreign Economic Assistance Monthly Report for November 2024 published by the Ministry of Economic Affairs, Government of Pakistan, provides an in-depth examination of financial disbursements made against budget estimates…
