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The economy under Nawaz — a review

Backed by a few families that suffered as their businesses were nationalized by Zulfikar Ali Bhutto, Nawaz Sharif was a ray of sunshine for Chiniot and Lahore’s private capital in…

Dysfunctional power tussle

In Pakistan, there is never any shortage of crises given our dysfunctional and unconstitutional institutional arrangements. We are very adept at creating another before an existing crisis is resolved. The…

Back to the status quo

The recent hasty legislation carried out by parliament clearly indicates that the houses of public representatives have become merely a rubber stamp. It is thought that, since July 1, more…

Ah, but there’s the rub

An ‘Alhamdulillah’ moment it was for Prime Minister Shehbaz Sharif when Pakistan reached a nine-month $3 billion staff-level agreement with the IMF on Friday, the second day of Eid. And…

Kicking a cheap energy addiction: Part – I

Pakistan’s economy rests precariously balanced between populist politicians and the IMF along with sovereign lenders impatient with a country addicted to huge energy subsidies. With just weeks of foreign currency…

The politics of narratives

As millions of Pakistanis continue to bear the brunt of inflation and poverty, the political elite finds new narratives to fool the hapless people of the country. Both former prime…

Geopolitical realities

Towards the end of international conflicts certain new blocs generally emerge, owing to the long-term economic interests of global powers. Today, a whole new set of geoeconomic issues has come…

Pakistan’s import mania

The recent decision by the government to lift the ban on import luxury vehicles shows that our ruling elite has a tendency to squander taxpayers’ money. News reports on this…

From Sharm el-Sheikh to Geneva

Pakistan initiated brilliant climate diplomacy at the 27th Conference of Parties to the UN Framework Convention on Climate Change (COP27) in Sharm el-Sheikh, Egypt, from November 6-20, 2022. This diplomacy…

IMF – No half measures

Last week it appeared that the economic reality is finally sinking into the government high-ups. The statement of Saudi finance minister in Davos on not supporting countries (like Pakistan) unconditionally…