Pakistan is ruled and controlled by predatory elites in whose hands power and wealth are concentrated. The ruling elites - comprising indomitable military-civil-judicial complex, unscrupulous politicians, mighty religious party leaders,…
Serious charges are surfacing against the newly appointed Finance Minister Saleem H. Mandviwalla and lately the three-year reign of Dr Hafeez Sheikh marked by unsustainable reliance on domestic borrowing, poorly…
Alongsides is the first part of a three-part series by an economist who has reflected on his more than half a century involvement with the country's economy. Pakistan has had…
According to recent media reports, opinions in the Planning Commission (PC) and the State Bank of Pakistan (SBP) are poles apart over how to sort out the current fiscal and…
Pressure is mounting on the Portuguese government to drop its austerity policies just as experts from the European Union and the International Monetary Fund are in Lisbon to assess Portugal's…
Privatisation should not be pursued as an ideology, as in modern economic theory and policy there is no room for dogmatism. After the Great Recession of 2008, the neo-liberal school…
Over the past five years, extremely bad governance wrought with corruption and compromise in the name of continuity of democracy has brought the country to a disastrous point. This has…
World markets have reacted calmly to the twists and turns of Cyprus's financial rescue in the last fortnight but many investors fear the economic fallout is yet to come. They…
Apropos editorial 'A harmful trend in banking sector', I find it necessary to highlight some of the important and relevant missing links that need more attention and clarity. It seems…
State Bank of Pakistan's (SBP) latest Monetary Policy Statement (MPS) reflects a realisation that cutting interest rate can't compensate for the rise in a variety of other costs of doing…
