How promises become legally enforceable contracts?
A contract is a promise or set of promises for the breach of which the law gives a remedy, or the performance of which the law in some way recognises…
Politics and the pipeline
The ground-breaking ceremony for the Pakistan section of the Iran-Pakistan gas pipeline last Monday was an event of high symbolic importance. It was designed to seal Pakistan’s commitment to finally…
The cup and the lip
Amidst heightened frenzy of elections approaching in Pakistan, presidents of both the Islamic Republics of Iran and Pakistan jointly laid down the foundation stone of the Iran-Pakistan gas pipeline (IP)…
Of distant dreams and false myths
The goodwill Indians and Pakistanis manifest for each other can vanish in a jiffy when the hate-mongers on both sides get going. The ensuing slanging match usually takes the form…
Our mighty builders
A member of the Senate recently lashed out at the Defence Housing Authority for political reasons. My frustration with the DHA in Lahore has entirely different origins. On March 1,…
Pipeline politics
The only existing gas pipeline in Pakistan is the Sui gas distribution network that has supplied Pakistani homes, factories and power plants for the past four decades. Pakistan is a…
Pipeline economics
A G00d deal of excellent comment has appeared recently on the geopolitics of the Iran-Pakistan (IP) natural gas pipeline. But what about the economics of it? Contrary to most expectations,…
Sanctions and pipelines
Place your bets. Will Pakistan risk inviting American and European Union sanctions upon itself, as well as the ire of its key ally Saudi Arabia, in return for Iranian help…
Power tariffs: Role of competition and transparency – I
This appears to be an electricity generation tariff setting season, for at least three major tariff proposals are being reviewed by Nepra, apart from smaller applications. It may be useful…
The office of denial
There is a difference between a good and a bad finance minister: the former keeps his nation informed about the true state of the economy and prepares public opinion for…
