111 510 510 libonline@riphah.edu.pk Contact

More money, more problems

The government continues to run its fiscal affairs with an increasing reliance on debt to fund its expenditures. The reliance on debt to fund fiscal operations has never been greater,…

Interest rates: no more room for tightening

Interest rates in Pakistan are almost at historic highs and still the country is running negative real rates on both current and forward-looking inflation. Some believe that the interest rates…

We Mustn’t Cease But Do More

We mustn’t cease but do more

On August, I found myself attending the annual Ideas Conclave, organised by the Jinnah Institute. One of the keynote events was a session bearing the title ‘Pakistan: Constitution, Security and…

Of debacles and more

Barely a month in office the Pakistan Tehreek-e-Insaf (PTI) government appears to lurch from one embarrassment to the next. To be charitable, it is early days and the government seems…

Less Religion, More Religion

Less religion, more religion

STATES and societies are struggling to find ways to deal with religion — or religious thought, to be precise. While most states see religion as a challenge, for the common…

The Biggest Lie: More Democracy

The biggest lie: more democracy

At least in our climate there is no bigger fantasy than this that the cure for the ills of democracy is more democracy. In our kind of culture democracy means…

More Than A Turf War

More than a turf war

By not appointing a foreign minister and keeping the foreign ministry in his direct charge, Nawaz Sharif is repeating a mistake he made during his first tenure as prime minister.…

Nationalise the IPPs

In Gordium, the capital of Phrygia (ancient Greece), legend had it that whoever could untie an oxcart tied by a complex knot would rule all Asia. Famously, in 333 BCE,…

Pakistan & Argentina: two economic scenarios

“On July 28, the Argentine authorities and IMF staff reached a staff-level agreement on the combined fifth and sixth reviews under Argentina’s 30-month Extended Fund Facility (EFF) arrangement. This agreement…