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Light-touch Tax Environment

Light-touch tax environment

The government is justifiably ecstatic at the IMF’s, and now Standard & Poor’s and Moody’s, endorsement of its claims of having achieved a fair degree of macro-economic stability reflected in…

Is Our Rupee Overvalued?

Is our rupee overvalued?

Economists and independent think tanks maintain that the rupee is overvalued by around 15 percent, while the sixth review report of the International Monetary Fund (IMF) notes that the rupee…

Extraordinary Expenditures

Extraordinary expenditures

Since at least January of this year, Finance Minister Ishaq Dar has been talking about an extraordinary expenditure that he needs to meet of roughly Rs150 billion for security operations…

Confusing Privatisation Goals

Confusing privatisation goals

The sale of 609.3 million shares of HBL has been billed as the biggest capital market transaction and second biggest privatisation deal after the PTCL and yet more evidence of…

Six-point Survival Kit

Six-point survival kit

If you are you shocked, dear reader, with the recent spate of murders of civil society activists. If you feel an inescapable sense of dread when you hear of bomb…

Building Social Capital

Building social capital

The Framework for Economic Growth (FEG) that was approved by the National Economic Council in 2011-12 was never seriously pursued by the bureaucracy and has since fallen into disuse (never…

The Economics Of Agitation

The economics of agitation

It has almost become an axiom for economists and analysts throughout the world to maintain that political uncertainty mars economic activity. This explains the inclusion of political uncertainty as a…

Pakistan Scorecard 2014

Pakistan scorecard 2014

The year 2014 began in Pakistan with business as usual but closed rather dramatically with a paradigm shift in our way of politics, state governance and split of society into…

But What If They Don’t Want To See

But what if they don’t want to see

Recently, urged on by a particular reference while indulging in a favourite pastime, reading, searched and downloaded from the internet, a paper by Fredric Bastiat, apparently written in 1850 and…