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Income inequality: export-led growth only solution

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…

Towards industrial policy 2.0: Part – I

Recent developments in the Western countries have reopened the discourse on the need for an industrial policy. Pakistan, which has gone through deindustrialization in the last few decades, has to…

Navigating these choppy waters

Historically, Pakistan has faced several economic crises, and the most recent economic challenges are not only disturbing but alarming as well. At the moment, we face several economic issues including…

State of the economy

The first six months of 2022-23 have witnessed considerable uncertainty about country’s economic prospects. Foreign exchange reserves have dwindled sharply from $9.8 billion in end-June 2022 to only $5.6 billion…

Counting the ways to borrow

Pakistan’s policy thrust today to get out of the ongoing very serious economic/financial imbroglio is, heads: seek more loans at the least possible cost; tails: seek more loans at the…

Pakistan’s deepening crisis

Pakistan’s crisis is deepening by the day. First and foremost, it’s the economy stupid! Pakistan has throughout its history been critically dependent on aid dollops from international and bilateral lenders…

Privatization is not the answer

Financial pundits have been sharing half-truths to make a case for the neoliberal agenda, especially the privatization of state-owned entities. They distort facts and conceal information that can explain the…

A very unique relationship

A few days ago, the 20th National Congress of the Communist Party of China was successfully concluded, and so was Prime Minister Shehbaz’s maiden official visit to China. For China…