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Economic impasse and political instability

The economic challenges of Pakistan are appallingly enduring, and unless we effectively address fiscal discipline issues, expand our tax base, and eliminate resource wastage, the country’s economic stagnation is likely…

Tackling failure?

Pakistan’s emerging failures, ranging from a rapidly sliding economy to growing political discord, together smack of just one outcome: making the country increasingly directionless. It is a fate which will…

Pakistan & Argentina: two economic scenarios

“On July 28, the Argentine authorities and IMF staff reached a staff-level agreement on the combined fifth and sixth reviews under Argentina’s 30-month Extended Fund Facility (EFF) arrangement. This agreement…

Fair elections and economic stability

“Gross financing needs are very large, mostly due to large debt service payments, while external market financing has dried up. Confidence is weak, and credit rating agencies have downgraded Pakistan…

Leadership and economics

Upon the conclusion of every single overseas visit I am filled with sadness and a deep sense of disillusionment. This is despite a divinely blessed deep reservoir of optimistic attitude…

Cost of failure

The electricity sector is crucial to the functioning of a modern economy. Electricity is a critical input for virtually all economic activities, from manufacturing and construction to transportation and communication.…

The economic malaise

Pakistan today faces the worst financial crisis in its 75-year history. This is attributable to both long-term trends and more recent developments. The former is primarily the path of accumulation…

Economy: myths and failures (Part – II)

This is the second of this two-part series on the mistaken policies and false beliefs that have plagued our national economy and have been responsible for reducing us to periodical…