Resilient Pakistan
Pakistan has successfully conducted the International Conference on Climate Resilient Pakistan with the support of the UN in Geneva to garner international support for the rehabilitation of flood victims. The…
Islamic banking: a success story
Last week the largest transformation from conventional to Islamic banking was achieved as all the branches of the Faysal Bank spread across the country completed their conversion to Islamic banking.…
Pakistan: a state and its citizens in state of denial – II
History cannot be undone; however, the complacency that crept in can somehow be brought to the surface. Given the external debt and perennial shortfall in current account each year, Pakistan…
The state of the economy in 2022
If Covid-19 in 2020 was a nightmare, then we have been continuously transitioning from one nightmare to another. Generous fiscal stimulus in the rich world, accommodative monetary policies the world…
Pakistan still feels your loss
As December 27 approaches, we are filled with the same grief and hollowness that left us bereft 15 years ago. Mourning any loss doesn’t only occur in the moment, or…
IMF, the ‘lifeline’ of Pakistan
Since the creation of Pakistan, its policy makers, politicians, and the rulers, all have been struggling to manage its balance of payments, but with the few exceptions, Pakistan had no…
Pakistan on the brink again
Pakistan’s time is running out. For decades, the country has run a system that needs near-constant external assistance. The system doesn’t deliver prosperity outside a tiny elite. Real incomes are,…
A failing state
As a result of massive corruption, Pakistan today is virtually in a state of economic bankruptcy, although this has not been officially admitted. Banks have stopped opening letters of credit…
A state of dread
Following the ideas of Keynes, some Keynesian economists make a sharp distinction between risk and fundamental uncertainty. Risk refers to the probabilistic character of the world and our ability to…
Flood-hit Pakistan seeks loss and damage ‘compensation’ at COP27
Pakistan’s climate change minister, Sherry Rehman, is heading to Egypt for the UN COP27 climate summit with one goal: finally getting the world to commit to helping countries like hers…
