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No Role Model Close By

No role model close by

AS the turmoil in Egypt illustrates, political transitions are never easy. In uncertain and chaotic times, people are jailed, demonstrators shot and killed and military coups happen. Life becomes bleak…

Brotherhood On The Brink

Brotherhood on the brink

Those who cannot remember the past, warned George Santayana, are condemned to repeat it. Having lived under military rule for the better part of the past several decades, Egypt’s secular…

The Annual Plan

The Annual Plan

The good news is that the function of Planning and Development at the federal level has been upgraded to the status of a full-fledged ministry by the PML (N) government.…

Seizing The Moment

Seizing the moment

It’s been almost a month since Nawaz Sharif took oath and we’re still waiting. The first big opportunity for the new government to demonstrate its tough new approach was the…

Pakistan’s Recognition Of The Taliban

Pakistan’s recognition of the Taliban

For too long have the people of Afghanistan walked through the dreadful valley of despair. Tuesday’s attack by the Taliban near the presidential palace in Kabul portends an escalation of…

‘Greed And Desperation’

‘Greed and desperation’

“President Zardari is a very devious man,” said the old farmer. “Whatever he gives you with one hand, he will take away twice as much with the other.” I spent…

Numbers From A Hat

Numbers from a hat

Sleight of hand, a rose-tinted view of revenues and external inflows and a hopefully supportive State Bank: the budget, long on rhetoric and short on action (to reflect a road…

Paying It Off

Paying it off

So we are told that the government plans to retire the circular debt and restore power supplies. Under the present circumstances, it is hard to imagine a better policy stimulus…

An Ambitious Budget

An ambitious budget

Turning to current expenditure, debt servicing is expected to increase by Rs125 billion, defence by Rs57 billion, grants by Rs3 billion and civil administration by Rs23 billion. On the other…