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Khurram HusainDawn |
Technology needs to fulfil the most basic requirement first: to do the job at the least cost.
It is possible to see the same reflexes, which drove earlier liquidity-fuelled growth booms, beginning to express themselves.
AN age-old question in Pakistan’s economic management is lurking behind the scenes one more time. How do we transition from economic stabilisation...
THE state may have succeeded in pushing the protesters back from the streets of the capital on Tuesday night, but consider what it took to make that...
IT has now become a routine question. Every TV anchor and people I meet in any gathering all want to know: is it true that the economy is...
THERE are two critical dialogues taking place between the governments of China and Pakistan. One of them concerns the rescheduling of payables owed to...
NOTHING is more important for Pakistan now than to learn to stand on its own feet. The triumph of Donald Trump as the next president of the United...
THERE is something about private investment that successive governments in Pakistan have failed to understand. Promoting private investment is a bit...
MAYBE this is a good time to recall the Reko Diq judgment delivered by one of the most exalted and hailed chief justices of the Supreme Court. Or...
THE connection between citizen and state is becoming frayed to an extent I have rarely seen before. In our national conversation, most of the reason...
IT is odd that the government has recruited former State Bank governor Reza Baqir as a consultant to work on building its Sovereign Wealth Fund. Baqir...
THE news is not all bad, though the outlook remains gloomy and will take at least a year to rectify. The stabilisation phase of economic management is...
AN idea is taking shape in a desperate bid to increase revenue collection. This idea would set thousands of auditors loose on those who have been...
RARELY have I seen a situation like this one. The economy is finding an uneasy and shaky stability; as inflation peaks, the exchange rate looks like...
IN remarks reported widely in the media, Foreign Minister Ishaq Dar has been quoted complaining that the IMF is playing politics with Pakistan and...
A STRING of data releases in the previous week might suggest that the country has turned the corner. This is partially true. But it’s the other...
THIS is more or less what it looks like. When power begins to slip from your hands, like sand pouring from between the fingers, the picture looks more...
RARELY have I seen things as scattered and messy as they are today, in the realm of economic management in any case. At the epicentre of the mess is...
THE prime minister wants to bring down the cost of electricity. He should start by repairing the fiscal equation of the state. There is no harm in...
THOSE without a memory can be excused if they think this is the first time a massive public controversy has arisen around the question of electricity,...
THERE was one line in Finance Minister Muhammad Aurangzeb’s remarks last Sunday that caught my eye. In his press conference on that day, he...
THERE is nothing quite like a punch-up among the billionaires. That is exactly what we have going on these days with the whole ‘capacity payments to...
THERE is no precedent in our history of such a long and intense spell of inflation gripping the country. It has never happened before. Pakistan has...
THE resistance to change in Pakistan is an old problem but it wears a new face every few years. These days the resistance to change is wearing the...
MUCH will be written about the budget’s specifics, but there is something else on my mind this year. This budget marks nearly a quarter century of...
DID anybody else find it strange that the government would postpone the announcement of its own budget in order to schedule a trip to China that, it...
IF you think China is gearing up for another round of massive business investments in Pakistan then I have a power plant to sell you. No such thing is...
IN its latest State of the Economy report, the State Bank has an interesting chapter on inflation dynamics in Pakistan that is worth a close read. It...
TALKS opened with the IMF this week. Things are likely to go relatively smoothly, at least in comparison to the previous couple of years, but that...
LET’S start with putting a couple of undue misapprehensions to rest. I have had the opportunity of interacting with key decision-makers in the power...
LET’S take some names today. Former prime minister Shahid Khaqan Abbasi is owed an apology now that the so-called National Accountability Bureau...
AS a new-found stability settles across the land all eyes are turning towards its durability. The current account has been registering persistent...
AFTER many years of extreme uncertainty and political instability, it now seems like things are finally starting to move. Two developments this week...
WORDS only matter when they are spoken at the right time. And for too many years now, the World Bank has been saying the right thing but at the wrong...
IT has not even been a month since the new government was sworn in and important cracks in its otherwise powerful edifice are already beginning to...
Rolling back the NFC, againIT is getting boring now. Every so often the idea is floated that the government should roll back the provincial...
WE have a new finance chief, and people are excited that it is a new face and one that inspires some confidence. Since 2008, we have had three names...
IN the days and weeks following the elections, the view held by Pakistan’s creditors seems to be clearing up. All the notes released on Pakistan...
UNLESS things have gone horribly wrong, Pakistan should be getting a new prime minister very soon after the National Assembly session today. The new...
THERE is no denying that a powerful wave of popular support is surging behind Imran Khan today. There is no sense, and no sanity, in denying this. All...
THE first thing that incoming prime minister Shehbaz Sharif has to realise is that no matter what happens, no matter how much pressure comes his way...
IF you are going to vote today, take out a couple of minutes to read this first. There is no candidate endorsement here. We all want the same thing,...
OF all the comebacks he has mounted since his first ouster from power more than 30 years ago, the latest one has been the most improbable. The odds...
PEOPLE often ask which political party has the best track record of managing the economy and producing the best results. It is a tricky question to...
THE absence of a decision-making centre in Pakistan’s economic management is now being felt acutely. A string of news emerging in the past week or...
MUCH has been said about “reimagining Pakistan” but it is important to understand that task comes the day after. For now, the focus needs to be on...
ONE by one, those with a memory, and those who played a critical role navigating this country through the many crises it has passed through, are...
THE country is flying into a new year on the back of a weakly mandated government, a promise to hold elections, and mounting uncertainty from within...
A GOOD example of how Pakistan is hunkering down further and further in the face of increasing scarcities is provided by natural gas. Pakistan has...
IN case you are thinking of jumping into the stock market given the sustained gains it has seen since July, be sure to ask yourself a few simple...
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