The National Account numbers for FY2023 have been published and, unfortunately, they paint a truly dismal picture of economic performance. Under the PDM (Pakistan Democratic Movement) government, economic activity has…
THE US is having second thoughts about the Washington Consensus it had evolved in the 1990s. At that time, the Cold War with the Soviet Union had just ended, and…
The global economy is facing existential threats of climate change and Pandemicene crises. The underlying basis for the perpetuation and hastening of both the crises is Neoliberalism. Here, it needs…
Since around September 2021, and especially since April last year, economic stress has come to Pakistan from a number of sources. First is political instability for many months now, which…
Pakistan’s recent economic crisis, brewing since last few years, intensified in the last quarter of fiscal year (FY) 2022 on account of unsustainable economic measures. This has diminished a large…
Monte Cimone, a popular ski resort in Italy’s Apennine Mountains, invested 5 million euros in artificial snowmaking before the winter season in an attempt to stave off the impact of…
Nothing is going right in the country. The sovereign default is inevitable without an IMF (International Monetary Fund) deal which is being delayed at the behest of political leadership. Meanwhile,…
It is quite interesting to see how losses in the economy are playing havoc with gains in politics. World politics is passing through a different and difficult phase of bickering…
In August 1985, at a conference in Havana, Fidel Castro laid out the facts and figures and indeed the mathematical impossibility of the Third World ever being able to repay…
Ishaq Dar eagerly misses no opportunity to shift the blame for Pakistan’s economic woes, despite the disasters surrounding his stewardship of the country’s beleaguered finances. It was in this spirit…
