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The Investor’s Exchange

The investor’s exchange

A somewhat underplayed, but certainly significant corollary of last week’s political turmoil was its impact on the Pakistani stock market. On Jan 15, as stocks plummeted more than 500 points,…

Violence And Development

Violence and development

Pakistan is currently faced with a grim economic situation as its economic indicators are getting murkier by the day. The rupee is dipping against the dollar, exports have been reduced…

Blind Alleys

Blind alleys

For the best part of 12 years, Pakistani liberals have considered themselves the vanguard of a struggle against what has variously been called religious extremism, fundamentalism and fanaticism. They have…

The pursuit of uniformity

There once was a national university, let’s call it the National University of Technology (NUT) located in Metropabad, a major city of a developing nation. Metropabad was a sought-after place…

The way forward for Pakistan

“Rather than going cap-in-hand asking for new finance, the new government and its backers in the establishment and business would need to design first their own plans worth investing in,…

Iran-Israel Russian Roulette

The expected has happened. After Israel’s strike on the Iranian consulate in Damascus on April 1, 2024 killed seven personnel including three senior Iranian commanders, Tehran launched a 300-strong missile…

How to avert default

The recently elected Pakistan government faces the uphill task of tackling the economic crisis. The IMF has completed its second and final review of Pakistan’s economic programme, supported by the…

NFC: call for fiscal reforms

In an analysis of the 7th NFC Award (‘Fiscal realities: A case for NFC reform’, March 20), published on these pages, I showed that provincial governments collect a small fraction…

FDI: challenges and the way forward

An essential component of a robust and open economic system, Foreign Direct Investment (FDI) serves as a crucial driver for development. In the case of Pakistan, it has been eagerly…