Trading lives for guns
Mass shootings are good for gun sales. In the days following the horrific massacre of 19 children and two teachers in Uvalde, Texas, firearm manufacturers’ stock prices predictably rose. Gun…
Asset managers farm out trading as costs and complexity climb
It's 10 o'clock at night, and Benjamin Arnold's day is just beginning. The former Goldman Sachs trader is gearing up to trade equities in Asia from his small office thousands…
Does the Shariah permit trading shares?
The law is always catching up to the inventiveness of merchants. Islamic jurisprudence and commercial law, is no exception. Two modern inventions-the fiat-money banking system and the business corporation-have posed…
Trading priorities
The new secretary commerce has assumed charge at a very difficult time it seems. Only days after his appointment, data shows that Pakistan’s trade deficit widened to a record high…
Trading with the enemy
This is hardly the time to discuss the subject of trading with the enemy. More so when the enemy is baying for our blood; and it claims to have carried…
Business community’s views
Over the past several months, I have had the occasion to interact with scores of businesses across the country. By and large, the business community appears disappointed, as well as…
Structural reforms in IMF programme
The Staff Report on the new 37-month Extended Fund Facility by the IMF of $7 billion contains a number of structural benchmarks, along with their rationale and the date by…
Investors expect market selloff will slow, stretch and spread
This week’s huge selloff in global markets, triggered by an unwinding of yen-funded trades, is far from over and could eventually spread to credit markets, impair some banks and possibly…
Lives versus livelihoods
The great dilemma for all governments in the thick of the COVID-19 pandemic is how to balance lives versus livelihoods. This dilemma is particularly acute for countries such as Pakistan,…
Mother of all corruption
Sugar scandal. Atta crisis. Petrol emergency. And many more such outrageous market manipulations are in the offing. All are the result of an unregulated free market economy (FME) that we…
