An uninterrupted journey
Doom-laden narratives about Pakistan have always found eager audiences. The latest tells us that we are condemned to an eternal wait for Godot – forever trapped in elite capture, incapable…
What holds Pakistan back?
PAKISTAN is one of the most over-diagnosed countries in the world. It has long been apparent what needs to be done for the country to achieve its promising potential. Its problems are…
Three nations, three destinies
History moves in cycles – rising, pausing, reinventing. It rewards those who adapt and punishes those who wait. And in the story of nations, 30 years is more than enough…
Save, invest, reform
Pakistan’s macroeconomic outlook reflects a paradox. On the surface, recent trends suggest stabilisation, with inflation easing and growth showing modest recovery. Yet beneath these fragile improvements lie structural weaknesses that…
The global trade race is on
Pakistan has a history of dropped catches. Just when opportunity swings our way, we let it slip through our fingers. Today, we face another critical moment – and this one…
Invest in innovation
Innovation is now the key driver of global economic growth, surpassing traditional factors like natural resources or cheap labour. Countries that invest in education, science, technology, and innovation (ESTI) while…
Reform or relapse
Pakistan has posted a $2.1 billion current account surplus in FY25, the highest in 22 years. Foreign exchange reserves have climbed to $14 billion, up from a dangerously low $3.5…
Public debt without a plan
Redirecting borrowing toward productive investment, private sector credit continues to be displaced by public borrowing. Pakistan's debt portfolio remains sizable and poses significant liquidity risks, with a substantial portion of…
Why the rupee keeps faltering
Why do some currencies hold their value for decades, while others, like Pakistan’s rupee, lurch from one crisis to another? This isn’t just a question for economists; it affects every…
Tariffs & export expansion
NO country has achieved prosperity by relying solely on its domestic markets. The spectacular success of China, despite having a large market of 1.4 billion people, is primarily attributed to…
