In current economic debates, the recent US-Iran-Israel conflict is generally being treated as an oil crisis or standard supply shock, with attention focused on its likely effects on fuel prices and the current account balance. However, this may be too narrow an approach to comprehend the present scenario. It is better seen as chokepoint or […]
Can Pakistan Withstand the US Tariff Shock?
The United States has opted for a strategic trade policy over free trade by prioritizing security, industrial, and economic policy over market liberalization. President Trump initiated this policy in 2017 by imposing tariffs on steel, aluminum, and Chinese imports, aiming to protect domestic industries and correct the trade imbalances. Now, extending the state-driven trade strategy, […]
Repatriation Plan’s Socio-Economic Strain
For decades, Pakistan has been among the largest refugee-hosting countries, ranking fourth in the world. Nevertheless, Pakistan’s tradition of hospitality has lately been defied due to persistent socio-economic strain, evolving political challenges, and security concerns. On October 3, 2023, the government of Pakistan officially implemented the Illegal Foreigners’ Repatriation Plan (IFRP), intending to repatriate Afghan […]