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FATF strategic initiatives & Pakistan

The fourth, three-day plenary session of the Financial Action Task Force (FATF) concluded on October 27, 2023, with delegates from more than 200 jurisdictions that addressed prominent issues related to…

Clear message of no more business as usual—I

Change is taking place slowly and subtly. Recent Cabinet Committee on Economic Reforms’ (CCER’s) deliberations on Sept 25, 2023 highlight increasing interdependency, thereby necessitating a Planning Commission on the lines…

Gas tariffs and reforms—II

However, some increase in small and medium category tariff will have to be, willy-nilly, done to cover the costs. In Bangladesh, minimum monthly charge is PkRs 1380-1500 per MMBtu for…

This crisis is a moment; Part – III

The current business-as-usual model continues to delay deregulation by repeated extensions, issuance of new/amended refinery policies. It will one day improve competitiveness, reduce demurrages and build our strategic and commercial…

SOEs, fiscal discipline & reforms

Despite a wave of privatization in the last 3 decades, SOEs still contribute significantly to the economic growth of both developed and developing countries (Robinett 2006). For example, SOEs account…

Investment-friendly Pakistan?

The Pakistani ruling elite routinely makes tall claims about attracting massive investment that it believes can transform the country. Sections of media instantly jump on this narrative, spreading it on…

BRI: The road to progress – Part I

China and Pakistan’s iron-clad friendship and strategic partnership through thick and thin needs no introduction. In 1951, the two nations officially started diplomatic interactions. Over the subsequent 70 plus years,…

Central Asia and the BRI

One major geographic characteristic of Central Asian countries is their landlockedness. Being a landlocked economy creates challenges in all spheres of policy – foreign policy, security, international trade as well…

SCO: vital national interest

The government’s decision to accept the invitation to the SCO Foreign Ministers’ meeting in Goa this week reflects a maturity that has otherwise been missing from the military and political…

Shaken and stirred by Imran Khan

Three things have happened in the last ten days that have put Pakistan even more firmly on a default trajectory than it was on before. First, China has injected a…