Loans from the IMF
Although I am currently in Canada, I am not unaware of the ongoing situation in Pakistan and the South Asian region. The economic crisis in Sri Lanka is becoming worse…
As bad loans mount, India gets tough on ‘wilful’ default
Kemrock Industries and Exports owns a golf course near its plant in western India and its chairman, Kalpesh Patel, talks of the high salaries he pays employees. Still, the company…
Balochistan falls behind
Balochistan is the smallest province of Pakistan, with a share of 6.2% in the national population, according to the 2023 Population Census. However, it is geographically the largest province with…
How to earn millions
For many people, living the dream is the ultimate measure of success. But for many, achieving enough to live the dream is just an elusive goal which seems to be…
How a bank was born
Pakistan has been passing through difficult times in its recent history. The polycrisis originating from political and economic uncertainties has engulfed the country and its people. To counter the commentators…
Financial inclusion in Pakistan
One of the most common mismatches in life is that between income and consumption. It’s good when income exceeds consumption, but explains all the downsides of poverty when it is…
Appraisal of consumers’ rights
In the Donoghue v Stevenson (1932) 562 (HL), a famous British case decided in the House of Lords, Lord Atkin established that 'duty of care' should be displayed by all…
Debt collectors strike fear in recession-hit Russia
"If you don't die by yourself, we'll help you," threaten the phone messages that Natalya, a 69-year-old Russian pensioner, has been receiving for months after falling further behind on her…
Mortgage crisis a ‘dragging anchor’ on Irish economy
When he thinks about the enormous weight of debt on his shoulders and the impossibility of paying it back, Neil has at times felt suicidal. The 46-year-old farmer, who did…
Wilful default
Human capital is one of the primary drivers of economic growth. Education, especially higher education that builds human capital, faces many hurdles in Pakistan. A major restriction to access to…
