Stunted governance, stunted economy
Even after 60 years of financial market development, the local companies are still a small part of the market at about 30%. The KSE-100 is dominated by 31 family-owned companies,…
Shaky governance arrangement
DEMOCRACY thrives in an environment wherein the diverse interests of common citizens are channelised through a political process informed by a framework for policy decision-making and implementation. Representing as they…
Economic governance framework
BEFORE proposing solutions to the economic governance challenge, it is useful to briefly review the current position. Loans, deferred payments, lowering currency value etc can give temporary relief but it…
Karachi needs monsoon-ready urban governance
Multiple weather forecasts suggest that Pakistan and Karachi may yet see an abnormal monsoon season this year, with experts predicting even worse flooding than the 2022 deluge that affected thousands…
Adaptive governance
The concept of adaptive governance is an established social-ecological system management and governance approach. Conceptualized in the field of environmental governance in the 1990s, it has evolved as an analytical…
Laws for good governance
The last decade witnessed major advances in the realm of public finance management (PFM) legislation in Pakistan. The passage of the 18th Amendment and consistent financial indiscipline highlighted the need…
Reimagining governance
One of the frameworks that has been most influential in shaping my understanding of governance has been the Capability, Accountability and Responsiveness or CAR framework, developed in the early 2000s…
A new approach to governance
Shortly after securing the last tranche of around $1.1 billion as part of the 24th staff-level agreement with the IMF last month, the country is eyeing another such engagement (bringing…
Efficient governance
A prudent person would never challenge the importance of efficient justice, good governance, and public policy development for the welfare of the people, or the necessity of concurrently implementing these…
Climate and governance
In the wake of COP28’s landmark decision to establish a damage fund for climate crisis mitigation, the spotlight has turned to governance structures that will determine its success. The creation…
