Syed Shahabuddin

Anyone can control the current account deficit by shutting down the economy, but only idiots would do it not knowing that the country will go into depression causing prices to rise, revenue collection to drop, and the government deficit and unemployment to soar. These problems are not clear to the general public because of the […]

Recent news in Pakistan’s media presents a rosy picture of Pakistan’s economy. For example, the news is that the current account deficit (i.e., the difference between import and export) went down by $259 million and imports went down by 18 percent. The excitement continued with the news that Pakistan has climbed 28 places ranking 108 […]

No judiciary decision means anything unless it is enforced effectively. An honest and sound judiciary is key to enforcement. Many believe that some technical laws can be enforced by administrative means, but a rule of law, in the primary economic sense of protecting property and enforcing contracts, requires a judiciary to resolve disputes between private […]

As I had stated in my article “Pakistan in Economic Danger” published in the Daily Times of Pakistan on July 5, 2019, Pakistan is either bankrupt or will be bankrupt soon. The reason for the bankruptcy is Pakistan’s tremendous debt, to which the government is continually adding more by deficit spending. Further, the current government […]

The PM of Pakistan has created the Economic Council to find solutions to the tremendous debt Pakistan has accumulated over its life, especially during the last ten years of democratic governments. The total debt as of 2018 was Rs. 33 trillion ($201 billion at the current exchange rate) of which Rs. 3.4 trillion was borrowed […]