Fourth industrial revolution is knocking on the door. It is bringing new opportunities but also triggering the change in rules of game. The guardians of existing system are the front runners to twist the rules in their favor. Howbeit, the advancement and technological development by other countries are not allowing them to play their games. […]
Prosperity: What we need, reform or different System
The world is knocking at the door of Fourth Industrial Revolution with slogan of “nothing is impossible”. Artificial intelligence, quantum computing, robotics, and 5-G etc. are talk of the town. Machines are coming to rule the economies. The wealth generation has reached at highest level of human history. These are indicators, which were sold as […]
Re-thinking Economic Model and Local Wisdom
The change is very common word in Pakistan. Every party and government beat the drum of change. Problems keep on changing but the solution remains the same “the change”. Despite the continuous failure of successive parties and governments, people still believe in the slogan of change. There can be two reasons of this belief, either […]
China-Pakistan-India Tri-lateral Forum for Prosperity
August 5, 2019 is proving to be watershed moment for the region. India unilaterally abrogated article 370 and changed the status quo. Although it was direct attack on UN resolution and Pakistan’s stance, but Pakistan showed restrain. Pakistan is working with global system and wants to win it by applying rules of law. Pakistan is […]
Budget 2020 and CPEC
The economic survey and budget documents are presenting a dismal picture of economy. The economy has contracted. Major production sectors, except agriculture is showing negative growth. Government could not achieve any major target of major indicators of economy. It was expected in the backdrop of COVID-19. As we know, the world economy is contracting, and […]
Redistribution of resources, equality and Islamic economic system
The dream of equality is as old as the human history. Humans have been deceived in the name of equality time and again. The evolution of civilization could not present an answer. The world kept on experimenting but is nowhere near a solution. In recent years the spread of in-equality accelerated and now it is […]
Budget, Economy, Statistics and Options for Pakistan
The government of Pakistan is discussing the possible budget for country. Although it is routine thing but this year it will not be usual business due to multiple factors. COVID-19 has hit world and it has changed dynamics of world economy. The factors of economy are adjusting to new normal. Governments have been stuck between […]
Structural or rhetoric governance
Governance is one of the most favorite subjects to talk about in Pakistan. You ask about any problem of Pakistan, the answer would be governance. It does not make any difference from whom you are asking. It may be politician, military person, bureaucrat or common citizen like cobbler, driver, daily wagers etc. Another common point […]
Economic Crisis with New Characteristics
Economic crises are not new to human. The phenomena is going on from unknown times. In past recession were triggered due to supply or demand shock, or bad performance or mismanagement of financial sectors. We can quote numerous examples from known history of human kind like great recession of 1930s or the latest recession of […]
The Interplay of Environment and Economy in Post COVID-19 Era
International financial and economic institutions are expecting another economic recession due to COVID-19. The notion is substantiated by the worsening economic and financial indicators across the world. Restrictions on mobility has further worsen the economic plight of countries. The chances of recovery have been worsened. Although the impact will vary among the countries, but no […]