Roadmap to economic recovery [Part – III]
The first two parts in this series discussed why we keep falling into crisis situations, and the need for the economy to grow. Low public and private investment are behind…
Another perfect storm
Almost a decade and a half after the global food crisis, a less famous sibling of the global financial crisis of 2008-09, the world once again entered a phase of…
Greed and reality
It wasn’t long ago that economists in our capitalist system were absolutely giddy over what they dubbed ‘globalization.’ In this reality-denying construct, nations all over the planet would work together,…
Climate takes backseat in Italy vote despite extreme events
From parched rivers to a glacier collapse and this week’s deadly storms, Italy has suffered numerous climate events this year — but many politicians pay the subject little more than…
Escaping the jaws of stagflation
Amid elevated levels of inflation, the war in Ukraine, and rising interest rates, global economic growth is expected to be weak in 2022 and 2023. The war has resulted in…
Time to take charge The petrochemical sector can help us achieve import substitution, promote export-led growth and join the ranks of industrialized nations
Pakistan is at a crucial juncture where the industrialists, government and other key stakeholders need to make some urgent calls related to the economy. There is a dire need to…
The ticking bomb
In 2022-23, Pakistan’s gross external financing requirement stands at $28 billion. In the past seven months, our trade gap widened to an unprecedented $28.8 billion. The SBP has lost $1.5…
Saudi Arabia nabs new China oil demand
Saudi Arabia is set to expand its market share in China this year for the first time since 2012, with demand stirred up by new Chinese refiners pushing the kingdom…
Policy imperatives for equitable growth and human well-being
No doubt, the current account deficit has tremendously narrowed down on the back of drastic decline in imports. That allows build-up of reserves and so does the increase in portfolio…
Coronavirus could also sicken global economy
The rapid spread of a new coronavirus in China, the world's second largest economy, could rapidly weaken already fragile global growth as trade and oil demand slow, analysts say. The…
