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Miracles As State Policy

Miracles as state policy

Dire situations bring desperate responses. Charlatans roaming India have marshalled armies of boon-seekers. Blind faith is a virtue of poverty, or fear of it.  Which means the rich and the…

The Balance Of Payments Outlook

The balance of payments outlook

In response to questions by journalists about the costs and benefits of entering into a new loan arrangement with the IMF, the finance minister rightly pointed out that the country…

The Balance Of Payments Outlook

The balance of payments outlook

In response to questions by journalists about the costs and benefits of entering into a new loan arrangement with the IMF, the finance minister rightly pointed out that the country…

‘Qarz Burhao, Mulk Bigarho

‘Qarz burhao, mulk bigarho

In 1997 the slogan of Pakistan Muslim League (Nawaz) was 'Qarz Utaro, Mulk Sanwaro' [retire debt, adorn country], which is reversed in 2013 as all efforts are underway to increase…

Not your garden-variety FX wobble

King Dollar’s crown has weathered countless storms – but the recent market whirlwind has people asking if this time is different. Over the past few weeks, global investors have witnessed…

Nation-building

During the Eid holidays this year, I got some time from my socio-political activities to watch a movie titled ‘12th Fail’. The story revolves around Manoj, who along with his…

State of economy

THE government cannot stop congratulating itself for stabilising the economy over the past year, while the people don’t know whether to laugh or cry given their ongoing economic hardship. Have…

Pakistan in dire need of reforms

The economic situation in Pakistan remains complex, with fluctuating growth rates, high prices of commodities, and economic disparities shaping the financial framework. The persistent fiscal deficit, compounded by heavy reliance…