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Undesirable Legislation

Undesirable legislation

Just a day before the start of session of National Assembly on March 24, 2014, the government resorted to undesirable legislation - promulgation of Sales Tax (Amendment) Ordinance, 2014 through…

Russia Sell-off Spurs Hunt For Bargains

Russia sell-off spurs hunt for bargains

Rising tension between Russia and the West has rattled the country's stock and bond markets, but some big money managers see the turbulence as an opportunity. Russia's equity market has…

Economics Of Poverty In Thar

Economics of poverty in Thar

The tragedy of Thar is that no one in the federal or the provincial government really understands what can or could have been done in the desert areas of Pakistan…

Do Not Look A Gift Horse In The Face!

Do not look a gift horse in the face!

Criticism against the government has not died down for the second week running with respect to the 1.5 billion dollars "gifted" by the Saudi government to the Pakistani government. Instead…

Dirt-cheap Russian Shares Still No Bargain

Dirt-cheap Russian shares still no bargain

Around $70 billion has come off the value of the Moscow stock exchange this month in response to the Kremlin's military incursion into Ukraine and its annexation of Crimea, but…

Limits To Market Interventions

Limits to market interventions

Last week was witnessed a complete reversal of the (IMF-driven) policy of buying dollars to build reserves that had pushed the rupee down to the 108.70/$ level. Beginning March, the…

Rebuilding Pakistan’s Economy

Rebuilding Pakistan’s economy

After eight months of the present Government, and at the time when the second review of the IMF is completed, it is important to look back on what we have…