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…
From tea to ketchup, some shelves lie empty as retailers struggle to predict demand
A “salad crisis” affecting British supermarkets hit headlines earlier this year but shoppers across Europe and the Middle East seeking some basic groceries - from pasta to beer to toothpaste…
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…
2023: year of non-neoliberal, non-austerity, counter-cyclical reform policy
Agreed, Pakistan’s credit default swap (CDS) risk has increased substantially during the current year, that it has a huge financing gap in terms of its loan repayment needs, and that…
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…
Enemy of life
The war in Ukraine is the latest chapter in the history of capitalism, empire, and war. Capitalism means enterprises run by small groups of people – employers – who preside…
The Blitzkrieg failed
The special operation in Ukraine was conceived by Putin and his entourage as a way to turn the political situation around. The Kremlin strategists weren’t the least bit interested in…
