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A capitalist supernova?

Excerpted: ‘Are We Heading Towards a Capitalist Supernova?’. Global debt – of households, private firms and governments – reached a staggering $305tn (254tn GBP) in 2021, up from $83tn in…

Lankan meltdown lessons

THE spectre of the Sri Lankan situation has come to haunt many a developing nation facing serious economic challenges. After an economic meltdown, the South Asian country is now witnessing…

Is sovereign default inevitable? – I

Dr Rajendra Prasad, the first President of India, in his book ‘India Divided’, that he penned in 1945 stated that the areas of ‘North Western India’ are expected to face…

Is sovereign default inevitable? – I

Dr Rajendra Prasad, the first President of India, in his book ‘India Divided’, that he penned in 1945 stated that the areas of ‘North Western India’ are expected to face…

Taxation power and democracy

In the wake of an apparent economic crisis, caused by multiple reasons, particularly a killing self-inflicted political instability, myopic economic policies of last seven decades, unthoughtful actions and measures taken…

Economic fallout

What ails Pakistan’s economy? It won’t be an exaggeration to say that this question requires a doctoral-level thesis even to summarise the argument. Economic experts have varying views on it,…

Export slide: causes and implications – I

Multiple changes have been observed at the political and economic stages of Pakistan during the last four years. This period can be considered a surprising regime in the history of…

Dealing with ‘debtocracy’

Total debt servicing increased by around 57 percent during FY 2018-19 compared with last fiscal year which was driven by higher domestic interest payments (on account of rise in domestic…

Budget Speech 2020-21

Mr. Speaker, 1. I start my submissions with the name of Allah Almighty, the most gracious, the most merciful. It is a matter of great honour and pleasure for me…

Budget speech 2021-22

The full text of budget speech of Minister for Finance and Revenue Shaukat Tarin that he delivered in the National Assembly on Friday, June 11, 2021 Bismillahir-Rehmanir-Rahim Mr. Speaker, 1.…