Pathways to growth
On the whole, political parties have revealed little in their manifestos of what economic philosophy will govern their policies once in power — will it be the path of liberalisation,…
Democratisation of capital – PTI’s Islamic finance policy
"The adoption of Western economic theory and practice will not help us in achieving our goal of creating a happy and contended people. We must work our destiny in our…
Challenge of GDP growth
Lacklustre economic growth and large fiscal and external imbalances (with declining rates of growth also contributing to poor growth in revenues) have made macro-economic management a challenging task. Still-high inflation…
Combating financing of terrorism – II
Appraisal of global and domestic initiatives: Since the tragic event of September 11, 2001, the United States and its allies have been engaged in what they call 'war on terror'…
Combating financing of terrorism – I
"Pakistan has taken steps towards improving its AML/CFT regime, including by issuing an SRO to increase the maximum monetary sanction for non-compliance with S/RES/1267. However, despite Pakistan's high-level political commitment…
Of IMF and things to come
There is no use in avoiding the obvious - it is best that we as a nation reconcile ourselves to the fact that another IMF programme is inevitable. If there…
Modi as Pakistan’s candidate
A Neighbour in Delhi, who happens to be a Narendra Modi devotee, asked me which leader Pakistanis would want as India’s next prime minister. I’m no clairvoyant, I told the…
Interim economic management
By every reckoning it was going to be a tricky job — managing the politics of the moment, keeping unwanted intrusions at bay, and handling an economic situation moving towards…
Pakistan’s economy – II
Lessons of experience Positive policy actionsThe above brief economic history narrative suggests several points. Political leaders, both civil and military, have had a major impact on the course of economic…
Increasing imbalance of inequality
What is equality? It is an even balance in society offering a fair opportunity to compete. People expect from the government that in their social contract with the state, there…
