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Good And Bad News

Good and bad news

Capital suggestion June 5, 2013 – March 31, 2014: The best piece of news out of the current season of news is that Pakistan’s economic management has taken a U-turn…

‘Tax Justice Agenda’

‘Tax Justice Agenda’

The extending of extraordinary tax-free benefits to the powerful classes, failure to tap actual tax potential, indulgence in wasteful expenditure and funding of inefficient public sector enterprises are continuously pushing…

Economic Growth Belies Unwanted Criticism

Economic growth belies unwanted criticism

Rebuilding a tattered economy is an uphill task and Prime Minister Nawaz Sharif's economic team led by Federal Minister for Finance Ishaq Dar must be commended for achieving this uphill…

Inequitable Austerity

Inequitable austerity

LAST November, Finance Minister Ishaq Dar, while attending the annual meeting of the World Bank and the International Monetary Fund, said that the ongoing round of austerity agreed upon with…

‘Too Big To Fail’ Still Thriving

‘Too Big to Fail’ still thriving

Five years after Lehman Brothers' seismic bust and just two years after euro member Greece defaulted, the concept of being too big or too strategic to fail is alive and…

A Battle Of Ideologies

A battle of ideologies

For a while now a debate has raged in development economics between the ‘bottom-up’ school (main protagonist: Bill Easterly) and the approach to the ‘top-down’ school (Jeffrey Sachs and the…

How To Make The Pie Bigger

How to make the pie bigger

Redistribution is not a drag on economic growth. In fact, fiscal redistribution at the macroeconomic level has a healthy effect on growth. This is what the IMF’s note, ‘Redistribution, inequality…

Privatisation Or The Sale Of The Century?

Privatisation or the sale of the century?

If the drain on the public exchequer was the reason for privatisation then the government should focus solely on privatising loss-making SOEs. So why then are profitable entities such as…