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Do We Need Another Keynes?

Do we need another Keynes?

The August 30 edition of this newspaper contained an article by Dr Asad Zaman, in which he sheds light on the ideas of Adam Smith, Keynes and the financial crisis.…

Urbanisation: The Big Picture

Urbanisation: the big picture

Anyone wanting to understand urbanisation needs to get past two major misunderstandings. First, urbanisation is not about individual cities — neither solving their problems nor enhancing their potential for growth.…

High Stakes

High stakes

In view of the high stakes involved in the Pak-India détente, fewer things can be more unfortunate for the people of the two countries than being on a warpath. The…

‘Qarz Burhao, Mulk Bigarho

‘Qarz burhao, mulk bigarho

In 1997 the slogan of Pakistan Muslim League (Nawaz) was 'Qarz Utaro, Mulk Sanwaro' [retire debt, adorn country], which is reversed in 2013 as all efforts are underway to increase…

Loath To Let Go

Loath to let go

The Punjab Local Government Act 2013 (Act XVIII of 2013) was recently passed by the provincial legislature. The law provides, among other things, for the constitution of district education and…

Merit Vs Quotas

Merit vs quotas

Economists, as a rule, do not like quota systems. They view all kinds of quotas – import quota, export quota or any other sort of quota used for the rationing…

Fallout Of Syrian Conflict

Fallout of Syrian conflict

Is there some hope to be entertained that the tragedy in Syria will be brought to an end either by the efforts of the international community or by some miraculous…

Wilful Default

Wilful default

Human capital is one of the primary drivers of economic growth. Education, especially higher education that builds human capital, faces many hurdles in Pakistan. A major restriction to access to…

Is A New Fiqh Possible?

Is a new fiqh possible?

Islamic fiqh is divided in two broad domains of legal studies. The part which deals with theoretical and conceptual foundations of Islamic law is known as usul-al-fiqh. The other part…