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‘New’ State Bank of Pakistan

The way the State Bank of Pakistan (Amendment) Bill, 2022 (“Bill,” when enacted: “Act”) was railroaded through the Assembly and the Senate to appease the International Monetary Fund (IMF), with…

Why not Pakistan?

Recently I was asked to give a briefing on the Gandhara Corridor in a high level meeting of the Special Investment Facilitation Council (SIFC), attended by federal ministers and the…

Full reserve banking: Part – III

Instead of keeping cash, depositors prefer to continue storing their money in banks despite nominal associated fees, if any. This trend has been evident over the last 20-30 years in…

Can the youth run Pakistan?

Half of the world’s population is under 30 years old, mirroring a similar trend in Pakistan, where 64 per cent of the population falls within this age group One would…

Full reserve banking: Part – II

An innovative economic solution to Pakistan's grave problems is the implementation of full reserve banking. The proposed system seeks to eliminate the colossal government debt burden and huge interest costs…

Full reserve banking: Part – I

Pakistan’s significant debt servicing problem can be resolved through full reserve banking, eliminating high inflation, huge government domestic government debt, and interest costs. Full reserve banking represents a transformative shift…

Pakistan on the IMF doorstep again

With Pakistan embroiled in an acute burden of debt, to the extent that 70 percent of its revenue is diverted to pay off debt, there is no way but the…

Pakistan’s elite and the art of deception

“The ends justify the means,” Machiavelli’s famous adage, permitting rulers to forsake moral high grounds in favour of maintaining power and control, is something that rings in my mind every…

Pakistan’s debt dilemma: navigating turbulent waters

In the intricate fabric of Pakistan’s economic landscape, a daunting debt crisis casts a long shadow, threatening the nation’s quest for stability and prosperity. Recent revelations from key economic institutions,…