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Economic growth amid political instability

Political instability is a serious impediment to economic progress. Not only does it shorten policymakers’ horizons leading to suboptimal short term macroeconomic policies, but it is also the cause of…

Economic and political instability

‘“Only a crisis — actual or perceived — produces real change. When the crisis occurs, the actions that are taken depend on the ideas that are lying around.” Friedman, one…

Political Instability

Political instability

PAKISTAN has spent 34 out of its 68 years, or half its life, in internal political instability defined as regime instability, political emergencies and constitutional deadlocks. Long-term instability in Pakistan…

Navigating through political turmoil, uncertainty

The public at large has spoken, as independents backed by Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) have emerged as the largest political group in the 2024 elections despite all the pre-poll…

Without political engineering

Several historians have attempted to answer the ‘What if?’ question about key historical events, creating a genre known as counterfactual history or hypothetical history. The idea behind this effort is…

Instability vs gradualism

In a modern nation-state, the state establishment (civil-military bureaucracies and the judiciary) are the protectors of stability in the system. Their incentives are designed in a way to keep stability…

Guarantor of stability?

In recent months, Pakistan’s economic landscape has witnessed significant transformations through major global investments. Yes, prominent global corporate investors have now begun exploring Pakistan as a potential investment destination. Saudi…

Strategic instability

Since the 1970s, Pakistan has periodically proposed regional arms control and confidence-building measures (CBMs). India usually rejects such proposals as it perceives China as its main threat. Though India and…

Capability, stability and purpose

The February 8, 2024, general election represents an opportunity for the country’s military and civilian leaders to change course and set Pakistanis on a better path. To do this, we…

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…