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Not skilled to work

The ‘Skills for All’ programme under the ‘Kamyab Jawan’ umbrella programme (www.kamyabjawan.gov.pk) offers 240 skill training programmes at no-cost to selected candidates. Traditionally, skills-training programmes have been used to bridge…

Economic stability?

Pakistan’s economic recovery outlook is not promising. The recent election in Pakistan reflects a recurring pattern seen in many elections, where financial considerations are often disregarded in pursuing political power.…

IMF review & state of economy

I expect an agreement on the review to come within this week, so, any day now. I can say that Pakistani authorities, the Minister of Finance, they deserve credit for…

Beyond remittances

The dynamics of the Pakistani diaspora have witnessed an impressive evolution over the years. Many of them have ascended to affluent and influential positions in their host countries, not just…

Underutilisation of remittances in economy

Don’t count your chicken before they hatch is an idiom that goes quite well with our situation. Quite often we see monetary policy quoting record remittances. Remittances from abroad have…

Capital suggestion: IMF saga

The IMF, often referred to as the 'global lender of last resort', can be likened to a hospital’s ‘emergency ward.’ Established in 1944 and commencing operations on December 27, 1945…

A generational exodus

A mass exodus of people, capital, and knowledge is in process. Deteriorating economic circumstances and largely flat (or even deteriorating) incomes in real terms during the last five years has…

Where did we go wrong?

I recently went through an old photograph that stirred thoughts of the historic migration in 1947, when families left India, sacrificing everything for a new homeland, Pakistan. The stories I…

How to create a confident nation

Even though young Pakistanis who enter the international market are quite bright and motivated, they lack the most important attributes of a skilled professional. Some skills that they lack include…

Amendment in FATF Recommendation 23

Recommendation 18 of the Financial Action Task Force (FATF) requires that financial institutions should implement programmes against money laundering and terrorist financing and that financial groups should implement group-wide programmes…