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Banana Republics No Longer

Banana republics no longer

As the great defenders of state sovereignty continue their TV-friendly holy crusades against foreign domination, the voices that seek to expose the actual working of global structures of domination become…

Meetings With A Legend

Meetings with a legend

Nelson Mandela has passed away and the world is suddenly orphaned. This towering icon of icons once described his eventful life as a “long walk to freedom”. This was an…

Understanding Inflation

Understanding inflation

A number of worrying developments are playing out on the economic front. The government has sounded the retreat on documentation of the economy, and announced amnesty schemes to attract ‘black’…

A Fistful Of Dollars

A fistful of dollars

Pakistan did not enter a world of globalised capital flows on the heels of an economic crisis. India had its balance of payments crisis in 1991, Bolivia and Poland were…

Changing The Mindset

Changing the mindset

A mindset is a set of assumptions that everyone develops throughout their lives and become so established that people or groups continue to adopt or accept prior behaviours, choices, or…

Bashing The IMF

Bashing the IMF

I have never seen an IMF programme take such a relentless beating before. At least not in Pakistan. The Fund has had its fair share of critics in the past,…

The Forex Challenge

The Forex challenge

Pakistan suffers from two structural deficits of the budget and the current account of the balance of payments. The budget deficit is being financed heavily by the printing of rupee…

Ignored Ground Realities

Ignored ground Realities

An investment's incentives scheme announced by the Prime Minister on November 29 has caused a stir in the business community; it prompted accolades as well as criticism, which forced the…