The State Bank’s silent payments revolution

How the SBP's latest circular could have far-reaching consequences for the state of digital Pakistan

The problem of revenue is bad tax policy, not cheating

Revenue generation is important but not top priority as in last 3 decades. Much effort and money has been spent in collecting...

The mechanics of privatisation

We hear the same things over and over again. You can open the headlines from half a century ago and they will...

How valuable is your bureaucracy?

For decades now the issue monetization of perks has been on the table. No action has been taken because the powerful secretaries...

To privatise or not to privatise?

On a recent trip to London, I could not help but follow the media coverage of the upcoming general election in the...

Why Jeffrey Sachs is wrong about Reko Diq

It started with the usual leftie / “anti-imperialism is the ultimate moral good” crowd. An article written by American economist Jeffrey Sachs...

The trader’s dilemma

The trading community and the government came to some semblance of an agreement on tax issues recently, after months of simmering tensions...

Automotive industry feels the pinch

Pakistan’s auto industry is the quintessential oligopoly, with only three major players assembling a handful of automobiles: Honda, Indus Motors (Toyota) and...

Kill transactions, kill economic growth

Shopping malls are empty, consumer businesses are reporting losses in double digits, people are losing jobs while new ones are not available,...

Explainer: Pakistan’s twin deficits and how can they be contained?

A vicious cycle leads to these “twin deficits” which is an increase in consumption of imports, reduction in savings and an increase in foreign capital injection single-handedly deteriorates the current account balance

Pakistan’s Basic Billionaires

How the wealthy elite in Pakistan remains unimaginative with their use of capital, and why that is holding the nation back

A guide to ending tax evasion in Pakistan

No issue in Pakistan currently attracts as much attention as that of tax evasion. On one hand, we have the people of...

Why can’t we compete in global markets?

Why are Pakistani businesses unable to compete in the global markets? What is it that inhibits them from breaking through overseas? As...

Our manufacturing opportunity

For the last 5 months, I have undertaken the arduous task of renovating my home. Much to the discomfort of family members,...

What makes Pakistan plump for IMF time and time again?

Pakistan has been approaching International Monitoring Fund (IMF), intermittently, since 1988. The last programme was successfully completed during the period 2013-16. However,...