Treat the cause, not the symptom
On March 25, 2016 the Executive Board of the International Monetary Fund (IMF) completed the tenth review of Pakistan's economic performance under the three-year Extended Fund Facility (EFF) amounting to…
Preponderance of economics
The globalisation process has turned the world into an increasingly interdependent entity. No nation state or a country can now claim to be absolutely sovereign, in both socio-economic or/and military…
Monetary policy: an enigmatic apparatus
Why exoskeleton of traditional monetary policy - lessons of which those professors, economist and economic managers who are spiritual apprentices of IMF, etc, memorise by heart as religious verses- has…
The paradox of work
When it comes to making the wrong predictions, the science and art of economics has its fair share of such instances, just like any other academic field. The recession of…
Ideology is dead?
The 20th century gets a lot of bad press, and rightly so. In its first half inter-imperialist rivalries culminated in worldwide orgies of death and destruction with no precedent in…
The Laffer Curve and Pakistan
In the last couple of days, the newspapers in Pakistan are abuzz with another mini budget to be announced by the government of Pakistan. It seems that the Tax Revenue…
Anatomy of a budget
John Maynard Keynes once famously stated that instead of seeking to balance the budget, the government should balance the economy. What the celebrated economist meant was that the budget, being…
Dr Singh`s retirement
THE one person who does not seem unduly bothered about what Prime Minister Manmohan Singh will do once he fades into the sunset is the prime minister himself. This is…
A fine balance
‘Stabilisation-first’ versus growth-stabilisation balance has been under debate ever since the approval of the new IMF programme for Pakistan. Many, this writer included, are of the opinion that the IMF…
Crucibles of leadership
No religion, save Islam, lays greater emphasis on education of male and female alike. Sindh Madressatul Islam gave us Jinnah and many of his trusted lieutenants. Our village and public…
