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Sri Lanka in crisis

Pakistan and Sri Lanka are considered friendly countries on the diplomatic front. The two countries located in South Asia are very similar to each other in several respects and both…

Economic downslide

The alarming downslide of Pakistan on the economic front has only been adding to the miseries of the people of Pakistan. The most crucial questions are: how can the country…

Flirting with default?

A country’s economic outlook is inversely proportional to the political uncertainty prevailing there. This is very evident in the case of Pakistan, where increased political polarization is affecting the economic…

Loans from the IMF

Although I am currently in Canada, I am not unaware of the ongoing situation in Pakistan and the South Asian region. The economic crisis in Sri Lanka is becoming worse…

A capitalist supernova?

Excerpted: ‘Are We Heading Towards a Capitalist Supernova?’. Global debt – of households, private firms and governments – reached a staggering $305tn (254tn GBP) in 2021, up from $83tn in…

Lankan meltdown lessons

THE spectre of the Sri Lankan situation has come to haunt many a developing nation facing serious economic challenges. After an economic meltdown, the South Asian country is now witnessing…

Economic fallout

What ails Pakistan’s economy? It won’t be an exaggeration to say that this question requires a doctoral-level thesis even to summarise the argument. Economic experts have varying views on it,…

Export slide: causes and implications – I

Multiple changes have been observed at the political and economic stages of Pakistan during the last four years. This period can be considered a surprising regime in the history of…

Dealing with ‘debtocracy’

Total debt servicing increased by around 57 percent during FY 2018-19 compared with last fiscal year which was driven by higher domestic interest payments (on account of rise in domestic…

Budget Speech 2020-21

Mr. Speaker, 1. I start my submissions with the name of Allah Almighty, the most gracious, the most merciful. It is a matter of great honour and pleasure for me…