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Rosy Promises Galore

Rosy promises galore

October witnessed two major events: National Debt Conference jointly organised by PRIME and Business Recorder, and an International Investment Conference organised by the government; the first highlighted how public debt…

The Fourth Review

The fourth review

The mandated fourth quarterly review under the International Monetary Fund's (IMF) Extended Fund Facility (EFF) will be cobbled with the fifth review as per the IMF website. The reason: delay…

Costly Economic Fault Lines

Costly economic fault lines

By May 2013, when the PML-N government assumed office, Pakistan’s economic problems had multiplied and become very complex due to the mismanagement of the economy over a long time. The…

What Went Wrong?

What went wrong?

The modern state is based on a social contract between the citizenry and the state with mutually agreed rights and duties. Citizens pay taxes and submit to the iron hand…

Going Solo, The BJP Scores Again

Going solo, the BJP scores again

The Bharatiya Janata Party has emerged as the single largest party in the Maharashtra and Haryana assemblies, reconfirming its status as the principal pole or central point of reference in…

Beyond The Politics Of Rallies

Beyond the politics of rallies

It is the season of political rallies. There is no shortage of adjectives for the organisers, and enthusiastic media persons are ready to exaggerate the success of each rally in…

Notes For The Finance Minister

Notes for the finance minister

We have multiple distress signals coming out of the mismanaged economy of Pakistan. A shrinking base of direct taxation and expanding underground economy, rising prices, stagnating output, widening income inequality,…

Power Sector Woes

Power sector woes

A Common refrain in Pakistan today is that the role of the middle class and industry has been reduced to earning enough to pay their monthly electricity bills so that…