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ADB Projects Need Reviewing

ADB projects need reviewing

THE Asian Development Bank has agreed to lend $600 million to Pakistan for the enhancement of private sector participation in infrastructure development. Assuming large private investments in housing, manufacturing and…

More on technocracy

In my previous article (‘A technocratic democracy’, August 14), I advocated the need for a technocratic democracy in Pakistan. There are numerous examples of how strong technocratic governments have transformed…

Communalism and the budget

THERE was a time in India when the display of wealth and conspicuous consumption was frowned upon as an immorality associated with parvenu classes. Leaving food on the plate was…

Trouble in Balochistan

EVENTS in Balochistan have been extremely disturbing of late. The past few days alone have brought tensions in the troubled region to a head. The brute force used by the…

What kind of ‘firewall’?

AT a recent meeting of the Senate’s Standing Committee on Information Technology and Telecommunication, the state minister for IT and telecom requested that a briefing on the ‘firewall’ be deferred to the…

Fixing the IPPs

VISITING Islamabad with my grandchildren, I decided to introduce them to our very impressive Islamabad Sports Complex. Getting there, we found that the Asian Junior Individual Squash Championship was going…

Pakistan’s weak economic growth outlook

The July update of International Monetary Fund’s (IMF’s or simply Fund’s) flagship report, titled ‘World Economic Outlook’ (WEO) projected Pakistan’s economic growth rate for fiscal year (FY) 2023-24 stood at…

Enough is enough!

Overwhelmed by the relentless surge in electricity costs, Pakistan’s business community is at its wits’ end. These skyrocketing bills are crippling production, pushing industrialists and traders to the brink. Maintaining…

Capital suggestion: East or West?

Fact 1: As of July 12, the State Bank of Pakistan's (SBP) net liquid foreign exchange reserves stood at $9.4 billion. Fact 2: Over the next five years, our gross…