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Pakistan and the global economy

The long-term effects of nearly two years of Covid-19 on the global economy have begun to unfold, biting governments, the elite, middle class and the poor. Governments are facing protests from the people hurt…

Hiding wealth

One of the virtues of globalization, from the perspective of a corporation, is the ability to move operations from one jurisdiction to another to take advantage of better tax deals.…

Collapse of an elitist state

IN common parlance, an elitist state is one where the benefits of economic growth are disproportionately appropriated by a small sliver of the population at the expense of the majority…

Challenges amid discord

PAKISTAN continues to face imposing internal and external challenges. But the ability to address them is being jeopardised by several factors — lack of national unity, intensely polarised politics, institutional…

Back to the Fund

AS Pakistan goes back to the IMF, it is useful to review our 60-plus years’ ties with it. With 23 loans since 1958, we are the most IMF-addicted state regionally. Of…

Better days for cotton

Cotton, once acknowledged as the lifeline of Pakistan’s farmers and a source of raw material to more than 400 textile companies, hit an all-time low last year in production and…

Belt and Road vs Build Back Better

The US has decided to confront China in every aspect of human endeavour to keep what Washington regards as the ‘free world’ from being sucked into its perceived trap of…

Exploiting comparative advantages

The federal budget for the year 2021-22 is being framed by Shaukat Tarin during whose earlier tenure as the federal minister for finance, revenue and economic affairs (Oct. 2008-February 2010)…

The growth rate controversy

Pakistan Bureau of Statistics (PBS) has claimed Gross Domestic Product (GDP) growth rate of 3.94 percent in the current fiscal year (a projection as data for the last three months…

When good news is bad

GDP growth rate for fiscal year 2020-2021 decreases to -7.7%. Elation. But wait a minute this is not Pakistan, but India. Down go the spirits. GDP growth rate increases to…