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Is default in prospect?

The economy is closing in external payment ‘implied default’ situation. This means that with SBP’s (State Bank of Pakistan’s) forex reserves depleted, authorities may forcefully cut down imports further. SBP’s…

Has Ishaq Dar lost his magic?

Statesmanship demands maintaining a delicate balance between economy and politics. Unfortunately, the scales world over have become excessively skewed towards politics. Last week, British Prime Minister Truss announced her intention…

Imran Khan’s big win

The Imran Khan faithful had anointed the byelections held on Sunday, October 16 as a referendum. In the end, like everything else this year, the debate really isn’t whether the…

Candy-coated delusions

After being kicked out by the PDM (Pakistan Democratic Movement) government, former Finance Minister Miftah Ismail’s article in Business Recorder showcases that the PDM government remains completely indifferent to the…

The phoenix shall rise

The persistent denial of his stellar achievements on the one hand, and demonising his will, capacity, honesty, sincerity and an ingrained potential to change the course of history on the…

Five days in history

For five long days, we watched with bated breath as five honourable judges of the Supreme Court conducted inquisitorial proceedings on the suo-motu notice they had taken on the government’s…

Country headed for recession

As we had warned prior to the vote of no-confidence (VONC) in March 2022, the PDM (Pakistan Democratic Movement) government’s economic blunders are inflicting huge economic losses on the country…

PDM ‘collapsing’ like a house of cards?

Several major developments took place last week. Pakistan’s political leadership, including PM Shehbaz Sharif, was in the US holding talks for external debt restructuring and debt repayment suspensions. The US,…

After the by-election: a juggernaut?

Last week, Karachi was swimming in its own sewage once again. Today, the whole country is swimming in a different kind of soup. The results of the by-elections in 20…

What ails democracy?

World Democracy Day fell on September 15 and was celebrated here in Pakistan as well as the world over. Though not very public or at the grassroots levels, events related…