Mortgage controls no panacea for UK housing risks
The Bank of England wants to avoid resorting to higher interest rates to cool Britain's housing market, but the pace at which prices are climbing and the experience of other…
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…
Media Matters
In their celebrated work Satellites over South Asia, David Page and William Crawley had not identified even the broadest contours of the enormity of challenges the private broadcast media will…
Was there a case for rate cut?
No change, said the SBP''s verdict on Saturday - as per market expectations and IMF''s directions. To understand SBP''s reasoning behind the decision, one has to look at the three…
Viewpoint:A new chapter in Pak-Iran relations?
Prime Minister Nawaz Sharif is back from his two-day fence mending visit to Iran. Relations between the two neighbours have been strained because of some recent developments. Almost immediately upon…
Alleviating loadshedding Some short-term options
PM Nawaz Sharif has expressed displeasure over the performance of energy sector due to extensive loadshedding of electricity which is being exploited by the opponent political parties. It is recognised…
The economics of servility
Pakistan is going through a curious phase in which the organisations are in conflict. Having decimated the bureaucracy the politicians then took on the army without realising what they have…
‘Left behind’ workers desert EU socialists for populists
With his square-jawed good looks, easy smile and way with words, Edouard Martin could have been a Hollywood movie star. But the steel worker and trade union activist who confronted…
Public finance: government role in economy
Great Swedish economist Knut Wicksell (1851-1926), whose work earned him the recognition of ''''the economists'''' economist'''', had profoundly argued: "The science of public finance should always keep...political conditions clearly in…
Militancy thrives
THE attack on Karachi airport was something that the government had been trying to postpone through dialogue with the militants. It could have been postponed but not avoided. The enemy…
