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Apr 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

M Ziauddin

The first year
Print

The first year

Pakistan Tehreek-i-Insaf-led coalition government headed by Prime Minister Imran Khan is going to complete, in a few weeks' time, the first year of its five-year tenure with the country's economy still too far from the promised state of Riyasat-i-Madina t
Published 24 Jul, 2019 12:00am
Military expenditure and global poverty
Print

Military expenditure and global poverty

In 2018 India incurred a colossal $66.5 billion in military expenditure as compared to a lowly $11.4 billion by Pakistan the same year rejecting the notion that the latter was ensnared in an arms race with the former. India had actually increased its mili
Published 17 Jul, 2019 12:00am
A benevolent aid giver, not a loan shark
Print

A benevolent aid giver, not a loan shark

The rich countries seem overly worried over China's inroads in the long neglected dark continent - Africa and its attempts as well to build the much-needed physical infrastructure in the poorer Asian countries which so far had remained burdened with mount
Published 10 Jul, 2019 12:00am
Digital economy, the next winner
Print

Digital economy, the next winner

Pakistan is fast running short of dollars. One sure way of earning these is to boost exports, which in the case of Pakistan have remained sluggish over the last at least five years. Attempts to revive exports-led industrialization would surely make a diff
Published 03 Jul, 2019 12:00am
'Progressive capitalism'
Print

'Progressive capitalism'

There is no need for signing a new Charter of Economy. Our politicians, belonging to both the government and the Opposition, are already practicing an unwritten and unsigned one since about the early 1980s. Otherwise Shah Mehmood Qureshi would not have fe
Published 26 Jun, 2019 12:00am
The other power struggle
Print

The other power struggle

Power shortage has been one of the chronic problems hampering Pakistan's socio-economic growth since late 1980s. The problem had assumed such acute dimensions that power supply fell short of demand by almost 2000MW during peak load hours by mid-1980s. The
Published 19 Jun, 2019 12:00am
All set for China-US trade war?
Markets

All set for China-US trade war?

The world was misled not only by the American pollsters but also by the fiction that the world has come to regard as a fact - the American values. The most cherished of these so-called values for Americans is said to be equality, egalitarianism along with
Published 12 Jun, 2019 12:00am
Stop reinventing the wheel
Markets

Stop reinventing the wheel

Who does not know what is wrong with Pakistan's economy. Almost every student of Pakistan's economy has diagnosed the ailment umpteen times and even suggested a number of cures. The Planning Commission is full of erudite and pedantic papers on the subject
Published 05 Jun, 2019 12:00am
Free market losing ground
Markets

Free market losing ground

Until about the mid-1980s we had been practicing what used to be called the planned economy. It used to be the state that would determine the direction and thrust of our economy over a medium term of five years. By mid-1980s with the near collapse of the
Published 29 May, 2019 12:00am
Going back to the basics
Markets

Going back to the basics

During the postwar era governments actively shaped economic outcomes with the help of state capital in response to the needs of their citizens. During the late 20th century, however, this postwar order began to decay and today private capital through mark
Published 22 May, 2019 12:00am
Going back to the basics
Markets

Going back to the basics

During the postwar era governments actively shaped economic outcomes with the help of state capital in response to the needs of their citizens. During the late 20th century, however, this postwar order began to decay and today private capital through mark
Published 22 May, 2019 12:00am
No surprises
Markets

No surprises

The technical agreement reached between the IMF and Pakistan does not carry any surprises except, of course, the matter about market determining the exchange rate. But over the last several months this issue has been discussed and debated so threadbare th
Published 15 May, 2019 12:00am
Testing times
Print

Testing times

With both revenue collection and exports continuing to remain largely unresponsive to efforts being made on these two fronts since the advent of the PTI-led coalition government in August last year the chances of the current fiscal year ending with any si
Published 08 May, 2019 12:00am
BRI: Work-in-progress
Markets

BRI: Work-in-progress

China's Belt and Road Initiative is now six years old. And the BR Forum that concluded the other day in Beijing saw the Initiative turning into work-in-progress project with almost the entire world caught up in its sway.
Published 01 May, 2019 12:00am
Elephant in the room
Print

Elephant in the room

Pakistan, over the years, has gradually turned itself into an aid dependent and overwhelmingly importing country requiring foreign exchange by the billions increasing further its dependence on donors as our own capacity to earn the needed FE has kept dwin
Published 24 Apr, 2019 12:00am
Challenges of corruption and incompetence
Print

Challenges of corruption and incompetence

Renowned Pakistan-American economist Atif Mian stirred up a debate on Wednesday last by putting up a Twitter poll about the challenges of corruption and incompetence being faced by developing countries from the ruling elite.
Published 17 Apr, 2019 12:00am
AI, new weapon against money launderers
Print

AI, new weapon against money launderers

Money laundering is a worldwide menace. According to the United Nations Office on Drugs and Crime, money laundering accounts for up to 5% of global GDP - or $2 trillion - every year.
Published 10 Apr, 2019 12:00am
Curtailing global tax avoidance practices
Print

Curtailing global tax avoidance practices

Global taxation is central to global decision-making because most foreign direct investment (FDI) and global operations these days are biased by tax considerations. The numbers are huge. For instance, with around $10 trillion worth of world trade being in
Published 03 Apr, 2019 12:00am
Democratic deficit in global financial system
Print

Democratic deficit in global financial system

The government believes that Pakistani nationals having more than 152,500 offshore bank accounts could have stashed away a hefty sum of $11 billion, half of which is presumed to have never been declared by them, out of the country.
Published 27 Mar, 2019 12:00am
IMF's conditionalities
Print

IMF's conditionalities

The uncertainty seems to be over, almost. We are going to the International Monetary Fund (IMF) by end March for a new programme, as according to the federal finance minister Asad Umar the differences between the lender of the last resort and the perpetua
Published 20 Mar, 2019 12:00am