The monetary policy ritual
Every month the State Bank of Pakistan announces, with a certain amount of fanfare, what it calls its Monetary Policy Statement (MPS). Maintaining that ritual, it released on July 19,…
Reforming the election system
There are a number of reasons to be suspicious about Tahirul Qadri and his talk of a peaceful revolution to empower the people. He is a Canadian national who lives…
Budget 2014-15: Reforming sales tax system – I
Taxation should serve as a catalyst for industrial expansion and economic growth. In Pakistan the ill-directed, illogical, regressive and unfair tax regulations are causing a dampening effect on the industrial…
Regulatory rules
In the midst of the political turmoil, the pressing priority for government and its allies is to repair the financial systems and restore the economy. Just as important, however, will…
Regulatory rules
In the midst of the political turmoil, the pressing priority for government and its allies is to repair the financial systems and restore the economy. Just as important, however, will…
Avoid the narrow path
In the 1960s, Pakistan was considered to be a promising country on its way to becoming a ‘model’ of economic development for the rest of the developing countries, in particular…
Police revamp
India’s police are still governed by the Police Act, 1861. There has been no dearth of committees on police reforms after independence — only a worrisome dearth of any will…
How capitalism threatens democracy
It’s a sign of the pathology of much of India’s mainstream media that it displays the rise of the speculative-trader-industrialist Hinduja brothers to the top of Britain’s (not India’s) billionaire…
Legal vs operational autonomy of SBP
Major amendments were made by the parliament in 1994 and 1997 in the State Bank of Pakistan (SBP) Act on the initiative of the SBP itself that gave it, inter…
Flaws in NISP
It was expected that the release of the National Internal Security Policy (NISP) would generate debate. And the document does a decent job of presenting the myriad challenges at hand…
