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Banking shortcomings

SYSTEMS in Pakistan often operate below potential. We could be close, but remain mired in red tape, beholden to power structures and burdened by hidden and friction costs. Despite an…

Running banks and airlines

THE provinces are already running banks: Bank of Punjab, Sindh Bank and Bank of Khyber. Balochistan is the only province that does not have a bank of its own, but…

The national fiscal pact

A new important piece in the legal domain of Pakistan’s public finance management system is the National Fiscal Pact (NFP), which reportedly all four provinces have now signed onto. The…