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‘Frosty’ exchanges

Perhaps it is appropriate that these lines are being written on April Fool’s Day. What lends this credence is the exchange of letters between US President Joe Biden and Pakistan’s…

Where’s our political wisdom?

The recent statement by former prime minister Imran Khan ruling out any possibility of forming an alliance with the PPP is being described by his detractors as a reflection of…

Economic impasse and political instability

The economic challenges of Pakistan are appallingly enduring, and unless we effectively address fiscal discipline issues, expand our tax base, and eliminate resource wastage, the country’s economic stagnation is likely…

The great Indian political circus: Part – II

In January 1990, tensions in Kashmir allowed the BJP to capitalize on it to fan its extremist agenda. Immediately after coming to power, the VP Singh government introduced the 62nd…

Pleasures of political kill

Among those who were stunned by a bit of unexpected news travelling from Bahawalpur on the afternoon of Aug 17 in 1988, some might recall the emptiness that the sudden…

The political is all personal

The political economy of Pakistan is shaped by a complex interplay of formal rules and informal deals among elites. It has become important to explore the role of political connections,…

The exchange rate: a steady hum of discontent

No economic variable captures the popular imagination in Pakistan more than the exchange rate. After Pakistan moved from a fixed to a flexible market exchange rate in the summer of…

The 80/20 rule for maximising foreign exchange earnings

Pakistan’s economy has been facing a number of challenges in recent years, including low growth, high inflation, large fiscal and current account deficits, and declining foreign exchange reserves. Despite various…

Political turbulence has affected FDI inflows

Given its brittle balance of payments position and urgent need to boost industrial production, Pakistan must progressively increase its mobilization of foreign resources; and that is not just an argument!…

Political paralysis in Iraq hampers economic growth

A year since Iraq’s last elections, it remains without not only a new government but a budget too, obstructing much-needed reforms and infrastructure projects in the oil-rich but war-ravaged country.…