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The murky world of federal subsidies

Federal subsidies in Pakistan, particularly those directed towards the power sector, have raised significant concerns regarding transparency, effectiveness, and their impact on poverty alleviation. For the fiscal year 2023-24, the…

Why power subsidies are a bad idea

Pakistan’s power sector continues to be heavily reliant on government subsidies, a mechanism intended to keep electricity affordable for consumers. However, the State of Industry Report 2024 by Nepra paints…

Visible and invisible subsidies

Subsidies, especially those extended to poor people in Western and developed states, have always been resented by free market advocates who argue they amount to encouraging people to be sluggish,…

UBS market strength puts Swiss industry on edge

UBS’s takeover of Credit Suisse has fed a creeping anxiety that Swiss companies will pay a price for the enlarged bank’s outsize market strength. The historic 2023 deal created a…

Manifestoes, subsidies instead of reforms

Media personnel were way more insistent on manifestoes from the three national parties in the run up to the 8 February elections than the general public – a demand met…

Fertilizer: a subsidy for dealers?

For a very long time, the government has been supplying gas at a subsidized rate to fertilizer companies (mainly to urea manufacturing plants where natural gas is the chief raw…