Texas grid braces for possible power company restructuring
The Texas power grid, already struggling to attract new generation to avoid rolling outages as demand grows, now may have to cope with a potential restructuring of the largest owner…
Smart move on the eve of election
The internal Monetary Policy Committee of State Bank of Pakistan (SBP) was unanimous in its decision for keeping the discount rate unchanged and the Board conveniently approved that stance. The…
Musharraf’s mirage
The Pakistan, general is back, and this time not on horseback. Since he has offered to take us back to the Pakistan that he left behind, perhaps it’s a good…
Sanctions and pipelines
Place your bets. Will Pakistan risk inviting American and European Union sanctions upon itself, as well as the ire of its key ally Saudi Arabia, in return for Iranian help…
The orphan economy
There are at least six different parties and groups giving their own views about the state of the economy and the required direction of policies, and their viewpoints differ drastically…
Tax, power sectors need reforms
The International Monetary Fund (IMF) team visiting Pakistan on a Post Project Monitoring (PPM) mission a couple of weeks ago emphasised yet again the need for power and tax sector…
The IMF’s visit
The IMF mission that was in Islamabad ostensibly to discuss the contours of the next programme has gone back to Washington. This scribe has been struggling to understand why they…
Growing strength or brewing disaster?
Pakistan has posted a current account surplus amounting $250 million during the first half (July-December) of the current fiscal year (2012-13) as against a deficit of $2.4 billion in the…
Purple bamboo
The early morning mist hangs heavy. Seemingly light and ephemeral, it smothers the ground and hangs heavy on the soul too. No one knows when it will lift its burden.…
Tax amnesty for whom?
The Political and Strategy Committee (PSC) of Pakistan Tahreek-i-Insaf (PTI), in a meeting held under its Chairman Imran has expressed deep concern over the introduction of Tax Laws (Amendment) Bill…
