The Last Economic Stride on December 14, 2022The year 2023 is upon us. As we look back at 2022, a plethora of problems stare us back in the face with no solution in sight. Further, we are hit by news headlines highlighting the economic challenges left by the floods, the horrid effects of overpopulation, the rising employment, stalled economic projects and more. […]
Islamic Financial System: Fiction or Possibility on November 28, 2022Recently, there has been much commotion about the rapid expansion of the Islamic Banking system and the introduction of Islamic Financial tools in Pakistan. Islamic financial system is not at the heart of the banking system in Pakistan despite its popularity and many still argue about its legitimacy. However, what has never been explored is […]
Political Instability and the Economy on November 11, 2022Political rallies, protests and, recently, the phenomenon of long marches have become a constant feature of politics across the globe. Similarly, the past decade has seen a rise in high-profile social protests that captured the attention of the entire globe, such as the Arab Spring and Black Lives Matter. Global experts, social activists and political […]
The Economy of Oil on October 25, 2022The simple-sounding OPEC is an intergovernmental organisation consisting of some of the world’s largest oil-producing nations. Launched in 1961 by the Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, OPEC has been instrumental in playing its role in the global supply of oil and gas. However, the world does not see OPEC in the […]
Debt and Deficit on October 17, 2022Few topics in Pakistani politics are more discussed and less understood than the fiscal deficit. We constantly hear that reducing the deficit is crucial to our economy, but we rarely hear why. The deficit is blamed for a variety of economic ills, including high-interest rates, unemployment, the trade deficit, the low rate of national saving, […]
The Financial Management Failure on October 6, 2022There is a constant discussion about Pakistan’s possible bankruptcy or a near default situation that seems to have subsided with the arrival of the new financial leaders in the country. However, I believe that we are still not out of the woods yet. Pakistan has been extremely fortunate with the benevolence of international countries as […]
The Economic Cost of Colonialism on September 22, 2022The death of Queen Elizabeth II brought a wave of discussion about colonialism worldwide. While most jokingly mention the return of stolen treasures, the undeniable truth is that over two centuries, the East India Company and the British empire drained off at least $45 trillion up till their departure. While the British Empire existed from […]
US-Iran, A Forged Nexus? on September 9, 2022For far too long, Iran has been seen in the light as an extremist Islamic state. In 1997, US-Iran relations turned for the worst after 52 American citizens were kept hostage for an entire year. The fate of Iran seemed to spiral out of control as the international community officially labelled Iran as the “sponsor” […]
A Structureless State on August 30, 2022We have a state, but it has no structure. We have all the institutions, but they also lack sound foundations. This makes me wonder that in the last 75 years, all we have done is make half-hearted attempts to find solutions on the surface without digging deep and trying to understand the real challenges we […]
75 Years of Failure in Narrative Economics on August 17, 2022I continue to scroll through newspapers to read about how the last 75 years of the country have been painted. There is a plethora of content on the political saga, the economic performances and the social marginalization. However, there is an integral theme missing in everything I have read so far about Pakistan’s 75-year journey. […]