New PM and reforms agenda
Pakistan needs all out fundamental structural reforms in all areas of governance. However, the most important and immediate is political stability — the main challenge faced by the 23rd Prime…
Controlling inflation and financing deficits — I
In April 2020, Intern-ational Monetary Fund (IMF) managing director (MD) had reportedly called the Covid pandemic a ‘crisis like no other’, and a Guardian article ‘We are living through the…
Decay and decline in rebuttals
In this toe-curling period of political, economic and social instability and chaos the interaction between politicians (lookalike clowns) has slithered human pride and dignity to the lowest of levels. Democracy…
What impact will sanctions have on Russia and the world?
Russia’s economy will likely suffer significantly from the raft of sanctions imposed following Moscow’s invasion of Ukraine, despite attempts to reduce its financial interdependence with Western countries in recent years.…
Global economic crisis and Neoliberalism
‘The global multilateral economic system has been stress tested twice this century. The first time was with the 2008 global economic meltdown; the second – with the COVID-19 pandemic. And…
Tough economic decisions & fragile political mandate
Very few people may have actually experienced the moment of helplessness when there is a clash between the need for tough economic decisions and fragile and split political mandate of…
Payment due: Pacific islands in the red as debts to China mount
Just over a decade ago, deadly riots in the capital of Tonga, Nuku'alofa, destroyed much of the small Pacific nation's central business and government districts. Out of the rubble, the…
Business exodus deepens Catalan economy fears
Catalonia's independence drive has sent dozens of firms fleeing as doubts grow over the economy of a region that, while one of Spain's richest, is also deeply indebted and dependent…
Between a rock and a hard place
There is debate in the country on whether the four and a quarter year long policy to keep the rupee overvalued will continue because it is no longer sustainable and/or…
Caring for the poor and vulnerable
The Pakistan Institute of Development Economics (PIDE), an official socio-economic think tank has voted for lockdown arguing that vacillation would not be able to contain the spread of the disease…
