Debt, weak multilateralism, and austerity
The number of developing countries having high debt levels, that is having public debt more than 60 percent of their gross domestic product, increased from 22 countries on January 1,…
An unexpected beneficiary
Pakistan’s linkages with Iran and Saudi Arabia span across a complex set of cultural, religious, economic and security ties. Over the last few decades, tensions between Iran and Saudi Arabia…
From rhetoric to reality
It has been one year since the apocalyptic floods of 2022 wreaked havoc on Pakistan as a result of what was described “a monsoon on steroids” by the UN secretary-general.…
A tsunami of loans
Pakistan is under a severe debt trap, suffering from economic stagnation, economic slack and high inflation. There seems to be no solution to the country’s economic woes as the IMF’s…
Time for effective climate action
World leaders prepare to meet in September this year to review the progress countries have made so far towards achieving the Sustainable Development Goals (SDGs) at the midpoint for achieving…
Inequality, poverty, and austerity–I
Two reports recently released clearly indicate that in the wake of pandemic, not only has progress on sustainable development goals (SDGs) overall slowed down significantly, the very first goal in…
Climate-change survivors
Climate-led disasters are pushing developing and under-developed countries into the poverty trap. Sudden financial losses caused by natural calamities increase the financial crisis of weak economies and exacerbates their need…
Fueling MSME growth
Access to finance is vital for entrepreneurial development and economic growth in Pakistan. Despite the significant contribution of micro, small, and medium enterprises (MSMEs) to the economy, they have been…
What the budget should have been
The welfare component in the budget must be viewed in the context of the prevailing economic situation in the country, which has brought immense pain, not just for the poor…
Responsible management education
“We need to move from a global business education community which focuses on making our students the best in the world, to making them the best for the world”. Mark…
