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Understanding the present crisis

Understanding the problem is half the solution. This article spells out the top three problems that constitute the present crisis: an urgent (“dollar”), an immediate (“fiscal”), and an underlying longer-term…

DISCOs and price hikes

The rising costs of electricity due to the non-availability of the right kind of fuel is irking consumers. DISCOs are helpless as the whole process is under the government’s control.…

Productivity and distortions

Generally academic debates remain limited in academic circles with their key takeaways inked in books and journal articles. The real world of economic policymaking has its own universe. However policy…

Be wise and learn how to get wealthy

While growing up, you may be attracted towards buying many things that are beyond your reach in money terms. You may want to buy that new multi-gear bicycle, the Bluetooth…

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…

Inflation and class war

Joe Biden is relying on the Federal Reserve to choke inflation, rather than instituting any policies to protect workers’ pockets. According to Politico, “Biden declared his ‘laser focus’ on inflation…

Cake, naan and fruit

IS Rs1,400 the real price of a two-pound chocolate fudge cake sold by a good bakery? Not according to economists. This is the nominal price. The real price is what…

Impediments to investment

Private investment has been declining in Pakistan for several years, which is no surprise given how rapidly private investors have been losing confidence in the economy. Investment is heavily based…