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Both democracy and the market are designed to harness the worst motivations of individuals — towards the pursuit of the common good of all.
Underlying the whole affair is the struggle over resources and who gets how much.
The confidence with which they are now moving ahead to roll out incentives suggests something has changed.
The movements are now unmistakable. The preparation for bringing in large quantities of dollars are underway.
With rising discontentment at home leading to the spread of disaffection, the leadership is stuck in a quagmire.
Pegging the next generation of revenues that the state requires urgently to enhanced powers of enforcement and audit is a mistake.
A new report shows how our fiscal-federalism problems are not, at root, technical failures to be fixed with better systems.
The shift to digital means the largest money flows in the economy now leave trails.
Whether Tehran remembers us kindly and whether Washington decides to reward us handsomely are matters beyond our control.
One has never seen the political class of this country as out of ideas as they are now.
A little more than a decade and a half ago Pakistan finally abandoned its last attempt to try and get serious tax reform through.
Real reform is political and requires building agreement for change and explaining the costs and benefits to the public.
You cannot grow your economy while the state is busy bleeding it to fulfil its own expenditure requirements.
The inability of the economy to supply and safeguard livelihoods is the real testing ground of this government.
Scholars and officials are intensely curious about Pakistan’s role in the current global firestorm.
The Iranians have not yet made a clear demonstration of their leverage in this war.
Oil watchers are now wondering aloud whether active oil market manipulation has begun.
The most ruinous war of our time was ended before it could escalate into a catastrophe. And Pakistan played the lead role in bringing this about.
Why have physical shortages taken so long to materialise? The answer is that the world started stockpiling oil in huge quantities through most of...
Country after country is struggling with a fuel crisis that is only going to intensify in the days ahead.
The most important thing is to ensure that Pakistan stays out of the fighting, no matter the cost.
Pakistan stands out in the region as a country that moved rapidly to preserve the integrity of its fuel supply chain.
With the prospect of protracted conflict on the entire western flank, Pakistan must now take sober stock of its resource position.
We pay for their failures, and they give themselves pay raises instead. In truth, the system is working just fine.
Either way, we had no choice but to pay. We were prisoners inside this grid.
Are we really being courted as an ally, a partner or a friend by the Trump White House?
Against the depletion of foreign exchange reserves, the battle is still on.
The flames consuming Gul Plaza were reminiscent of the inflationary fire that engulfed the country between March 2021 and May...
A stagnant economy cannot afford high prices, high taxes and high debt burdens for long.
When talking about solutions, it is critical to first have clarity on the problem.
Had it not been for the deft balancing act she performed in those months, Pakistan’s inflation would have peaked far higher
There was no sense in carrying this enterprise forward any longer. It should have been dumped over a decade ago.
Rarely, if ever, does one see an actual substantive issue being given actual substantive treatment on prime time television.
There are too many players now, and not enough space in the game for all of them.
Do the provinces have the right to ask where all the money poured into SOEs since 2009 has gone?
Real reform seeks to change the landscape against which economic behaviour plays itself out.
Something important is trying to speak through these manias that break out regularly every few years.
The same labour and capital inputs today will generate lesser output, produce fewer jobs and lift fewer people out of poverty.
THE provincial governments are under pressure to free up resources from their share of transfers under the NFC award to help meet defence and debt...
Nothing good has ever come out of the proposals the business community has been bringing to the government.
The problem is how to restart growth after stabilisation in a way that does not lead to a resurgence of the same deficits all over again.
All signs are now pointing in the direction of yet another incoming geopolitical rent.
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