Capital inflows and structural reforms
A couple of years back, the World Bank Group hailed Pakistan in its annual report — Doing Business in 2006 — as “the top reformer in the (South Asian) region…
SBP’s corrective measures to streamline the economy
Recently, the State Bank of Pakistan has taken many integrated measures to strengthen the domestic banking industry. The central bank has allowed the banks to use 30 percent of the…
Axe BCCI, but not HSBC
Few today would remember those 40 years ago, Agha Hasan Abedi set up the Bank of Commerce and Credit International, better known by its initials BCCI.Within a decade, it was…
FX & Gold – weekly outlook – December 24-28: Market likely to become choppy
As we approach holiday season the deadline for USD 600 billion relief package on tax and spending will expire after seven days, as the two US leaders were reluctant to…
IMF and economy
Pakistan's economic team has now openly acknowledged that it has begun preliminary talks with the International Monetary Fund (IMF) for a new assistance package. The IMF revealed to this paper…
Drainage crisis in Indus basin
The recent floods in Sindh have triggered a debate in the media about the role of the Left Bank Outfall Drain (LBOD) in exacerbating the disaster in the south-eastern districts…
Dynastic politics
South Asia has been the most prone to dynastic politics. Ever wondered why 51 percent of all the poor in the world live in South Asia? Dynastic politics is “a succession of rulers from the same family or line”. In North Korea, Kim Jong-il took over the reins of power from his father Kim Il-sung.
Forewarned is forearmed
In a May 2011 Asian Development Bank report Asia 2050: Realizing the Asian Century, it is projected that per capita income in India by 2050 will be $41,700 and in…
Flawed flood probe
One year after the disastrous floods, with rivers threatening to overspill their banks again and certain parts submerged in water, it would be prudent to assess the lessons learnt from…
Forgotten values
On December 25, we celebrate the birth of Quaid-e-Azam Muhammad Ali Jinnah who was the liberator of our nation, but portray no signs of loyalty to the values he ordained.…
