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Why do we go to the IMF?

THE resumption of the IMF package, that was badly needed to avert an external payments crisis, has reignited passions. As most countrymen wrestle with the question of whether or not…

Ignoring the state?

THE notion that state institutions have a part to play in economic and social development is beyond any debate. One can take the minimalist position, where states simply create rules…

A malignant settlement

LAST week, on these pages, Khurram Husain published an insightful and timely piece on Nawaz Sharif’s return and its implications for the management of Pakistan’s economy. Dubbing state-financed, consumption-dependent growth as the…

Realistic outlook

THE IMF is considered the financial doctor of the last resort. A core function of the Fund is bailouts to countries struggling to meet international obligations in return for implementing…

Pakistan’s potential

PAKISTAN has enormous potential. Its size­able under-30 population can unleash a ma­­jor demographic dividend. The country’s location at the crossroads of Asia makes it a logical fit to be a…

Economic stability

FOLLOWING the recent GDP rebasing, the PTI and PML-N are going on about their resulting higher GDP growth rates. Yet sceptical citizens are unimpressed, being too familiar with our boom-bust…

Evaluation troubles

Human capital forms the foundation of an organization’s success. Recognizing this, organizations invest significant resources in hiring the best available talent and training them according to the organization’s vision, making…

Industrial roadmap for Pakistan: Part – I

For decades, Pakistan has made efforts to attain macro stability. Yet, it is far from achieving it. Short-term measures such as debt rollovers and control of imports have given brief…

Prioritising workplace safety

THE collapse of some iron girders of a flyover under construction at Bhara Kahu in Islamabad earlier this month exposes the poor safety measures at the workplace. This was the…

Revitalising Pakistan’s economy

THE past year has seen the welcome return of economic stability to Pakistan. Growth has resumed, inflation has declined dramatically, the exchange rate has been stable, and foreign reserves have more than doubled. Given the extreme…