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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…

Emerging optimism

Pakistan has issued eight international bonds (loans) and Sukuk (Islamic bonds) that mature at various times, ranging from April 15, 2024, to April 8, 2051. Interestingly, the prices of these…

Can China help Pakistan?

With the new governments ready to assume duties both at the federal and provincial levels, all eyes are on significant challenges and immediate risks, which necessitate comprehensive scrutiny. These challenges…

Deja vu

“In vain, in vain - the all-composing hour resistless falls; the Muse obeys the power” – Dunciad. The Dunciad, Alexander Pope’s epic poem, depicts the literary culture of 18th-century London.…

Learning from better economies

My recent article in these pages (‘Reckless borrowing’, March 18), while appreciated for its candidness, has also evoked a strong sense of despondence among readers. The question that pervades everyone’s…

Pakistan-India detente?

Prime Minister Shehbaz Sharif’s response to Indian Prime Minister Narendra Modi, who in a brief tweet extended his congratulations to Sharif for assuming the post of PM, garnered wide attention.…