Pakistan is currently in difficult circumstances, grappling with deindustrialization and widespread unemployment. The country’s inflation rate at 36.4% has forced millions of families into subsistence conditions. Shockingly, 22% of the…
Wealth inequality in Pakistan is overwhelming. According to a World Inequality Database report, the top 10% of Pakistani households earn 42% of the country’s income, while the bottom 50% earn…
The policies of Pakistan’s ruling elite have turned the country into a death trap for ordinary people in the holy month of Ramazan. The hapless, wretched and destitute rely on…
‘The International Monetary Fund war-ned that its outlook for global economic growth over the next five years is the weakest in more than three decades, urging nations to avoid economic…
Karandaaz Pakistan launched its national financial inclusion strategy this week. Taking a bird’s eye view of financial inclusion in Pakistan, this article revisits targets set under the National Financial Inclusion…
In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing purchasing power. They are struggling to find a decent job, to buy a proper…
Pakistan is among the countries most vulnerable to climate change, already passing through the shocks and after-shocks of the Covid-19 pandemic and the Russia-Ukraine war. Undoubtedly, the creation of the…
In its policy prescription, the International Monetary Fund (IMF) has been pushing Pakistan for adopting procyclical policies, that is, asking the country to cut spending, raise policy rate, and increase…
At the prompting of the Biden administration, the world’s capitalist politicians, CEOs and bought-off journalists have let flow a deluge of crocodile tears over the global food crisis, which they…
Beginning on May 24, the World Economic Forum is gathering in Davos, Switzerland for an in-person meeting, discussing the global tax system and financial inclusion. Thanks to protests and new…
