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A mission-oriented industrial policy

‘While it is generally true that mainstream economists have responded to industrial policy with knee-jerk hostility since at least the 1970s, things have been changing fast, owing to new academic…

The workplace of today

Every Pakistani aspires to the fruits of progress although many insist on continuing to live in the 16th century. Our state is too preoccupied with advancing the ideological indoctrination project…

The reforms industry

In Pakistan since the coalition government has got some space, there is a whole reforms’ industry that has crept up. Some of this sentiment is quite genuine as Pakistan has…

Economic dystopia incentivized

Can you guess what country has the world’s worst financial inclusion statistics? It is Pakistan. With 115 million unbanked adults (adults with neither a bank account, nor a mobile money…

India’s coming of age

In 1999, when General Musharraf sprung the Kargil misadventure on the Pakistani people, India had a GDP of just over $450 billion. To contextualize this properly, one needs to clock…

Is sovereign default inevitable? – II

The first Prime Minister of India, Pandit Jawaharlal Nehru, said the following on the occasion of abolition of zamindari system in his country’s largest state, UP, in 1952: “I was…

Losing the Muslim World to Putin

For Vladimir Putin, the news from Ukraine is not good. Russia’s invasion of Ukraine is not going particularly well, by many Western and Ukrainian accounts. As the masters of the…