Reasons for economic insolvency [Part – II]
The rise of western Europe started with the Renaissance, a remarkable period in world history, which began in 14th-century Italy and later spread to other countries. Italian city state Florence,…
Winds of change shift Germany’s economic power northwards
Germany’s wet and windswept north has long lacked the economic appeal of the industrial south but the green transition and an energy crisis sparked by war in Ukraine is shifting…
Taxing extreme wealth
On April 25, Twitter’s board of directors announced an agreement to sell the company to Elon Musk, the world’s wealthiest person, for $44 billion. That sounds like a lot of…
Economic colonialism
European historians, with their own sense of bias, which on occasions reaches its zenith, to convert into prejudice, (there is no such thing as honest historians, they are all different…
Wealth tax in the guise of deemed income
Whenever historians will write the history of an abusive, incorrect, absurd and technically incorrect tax imposition anywhere in the world they will censure Pakistan for its ‘presumptive’ and ‘minimum’ tax…
Shehbaz Sharif’s election year economic policies
Immediately after being elected as the 23rd Prime Minister of Pakistan, Shehbaz Sharif announced in National Assembly a set of economic policies, which can only be regarded as election year…
Russians feel little economic pain now, long-term outlook darkens
For Oleg Kechin, owner of a chain of barbershops, forecasts that Russia will be plunged into its deepest economic crisis in a generation feel overdone. US President Joe Biden may…
US or Russia? Ukraine crisis poses dilemma for wealthy Gulf
Choosing sides in Ukraine’s crisis would have once been easy for Gulf states long protected by the US, but growing ties with Moscow are forcing them to strike a balance.…
Neoliberalism, globalization, and economic dependence
Pakistan has been a prolonged user of the International Monetary Fund (IMF) resources during the last three decades of 1990s, 2000s, and 2010s, and the first few years of 2020s…
Economic and political instability
‘“Only a crisis — actual or perceived — produces real change. When the crisis occurs, the actions that are taken depend on the ideas that are lying around.” Friedman, one…
