Vested Interest Versus National Interest on July 7, 2020One of the most impeding characteristics in Pakistani society is the striving of people to do favours and to get favours in return, whether in cash and/or kind. To live life in Pakistan one needs patronage and/or protection for simple things like going to an office and applying for whatsoever. Even for access to a […]
Declare emergency now! on July 3, 2020Revising their original estimates within three months, WHO says a “second”, and maybe a “third wave” “is likely”, both the IMF and the US say that the economic downtown will persist, the recession reaching into 2022. The estimates of failed businesses and industries, with accompanying unemployment figures rising drastically. Infections in Pakistan have grown exponentially, […]
From India with “love”! on July 1, 2020With apologies to Ian Fleming for paraphrasing the title, terrorism is back again in Karachi. The attack by the banned BLA at the PSX by four heavily armed terrorists has cost the lives of four people: one police officer and three guards have been martyred. Due to the decisive response of the police and the […]
The federal budget Desperate circumstances, courageous measures on June 26, 2020Pakistan’s economy had already been suffering before the COVID-19 outbreak, it was in no imminent danger of a recession. The Current Account Deficit dropped by nearly 73%; the “primary balance” was positive, at 0.3% of the GDP; the credit rating had improved from negative to stable; and the country’s rank on the “Ease of Doing […]
The Federal Budget A bold calculated risk on June 23, 2020The economy which the PTI Govt took over in 2018 had been subjected to horrendous mismanagement force-multiplied by rampant corruption. By the end of the 2019, Pakistan’s economy seemed to be moving towards some stability. The trade deficit had dropped significantly, fiscal deficit was largely contained, foreign exchange reserve situation was comfortable, the credit rating […]
Kickstarting the economy digitally on June 20, 2020For Pakistan credit and debit cards alone are not enough, mobile phone devices probably will become the primary tool for payments. A young demography and increasingly tech-savvy generations ensures a unique role for mobile payment services. ‘Fintech’ -short for financial technology-refers to technology-led innovation in financial services aiming to exploit the gaps in coverage and […]
The fight against racism post COVID-19 on June 19, 2020Within a very short period the COVID-19 pandemic has broken up economic, social and also intellectual traditions existing for decades and were thought to be unchangeable. The way we look at ourselves intellectuallyand the rest of the world has started changing – the past, present and future. The renewed scathing critique of racism that started […]
A successful SBP refinance (ROZGAR) scheme on June 17, 2020For private security services Covid-19 pandemic posed multiple problems. The closing down of business and industries meant loss of revenues for them, reducing overheads meant drastically decreasing the number of guards. Because of lockdown and partial closing of a number of branches, the Cash-in-Transit (CIT) business came down about 35%. We estimated that overall about […]
A successful SBP refinance (ROZGAR) scheme on June 17, 2020For private security services Covid-19 pandemic posed multiple problems. The closing down of business and industries meant loss of revenues for them, reducing overheads meant drastically decreasing the number of guards. Because of lockdown and partial closing of a number of branches, the Cash-in-Transit (CIT) business came down about 35%. We estimated that overall about […]
Delayed decision-making fatal for governance on June 14, 2020Delaying of decisions to defy needed change is fatal any country.A well-known proverb says ‘Never put off till tomorrow what you can do today.’The ongoing pandemic has put severe problems in front of our country, its economy, the state institutions, etc.and decision-making is part of this. Many problems had already existed before the onslaught of […]