Take policy back from the ‘Economic Hit-men’

By Dr Nadeemul Haq Published in Pakistan Today, February 13th, 2017. Everyone is familiar with “Economic Hit-men” and what they do to poor countries. Many Pakistani TV commentators and columnists have been referring to “Economic Hit-men” but mainly in the context of debt. However, Hit-men have evolved beyond the book and operate much more subtly now. Now they control of […]

Privatising garbage collection – a panacea in urban development

By Zia Banday Originally Published in The Express Tribune, February 13th, 2017. Karachi and Lahore, the two largest cities of Pakistan, have privatised their garbage collection function. In Lahore, two Turkish companies were awarded a seven-year contract valuing $320 million for solid waste collection, disposal and washing in 2012. After five years, the Sindh government followed suit by awarding an […]

Redistribute or not?

By Shahid Mehmood Originally Published in Dawn 8th of Feb 2017 THE subject of income inequality once pushed to the margins of economics by more attractive offerings such as economic growth, has experienced a spectacular turnaround. This is especially true in the aftermath of financial crises and movements like Wall Street vs Main Street, which brought to the fore the […]

Questions about debt

Pakistan’s ever-rising debt is perhaps the most discussed topic as far as economics is concerned. The finance minister’s recent article – published in mainstream publications – on this subject has still left many aspects unanswered. The respected finance minister starts with pointing out the difference between the gross debt and the net debt in order to demonstrate that Pakistan’s debt […]

Govt’s Ill-Conceived Laws Hindering Progressive Regions

By Zia Banday  Originally Published in The Express Tribune, January, 23rd 2017 In the constitutional history of Pakistan, more credit should be given to the political class for the sustenance of its federalism spirit. The sort of flexible disposition required for running a federation of four constituent units has remained in ample supply in the political class, despite their many […]

Analysis: Is PM’s textile package the answer to falling exports?

By Ali Salman Originally Published in The Express Tribune, January 16th, 2017. When the pro-business, experienced economic team of PML-N took reign of Islamabad in 2013, Pakistan had recorded an export of 25,078 million dollars, which were 1.1% higher than 2012.  In January 2017, the SBP reported exports for 2015-16 were recorded at $21,977 million. This is a decline by 12.36% […]

Data as Important Public Good

By Shahid Mehmood Originally published in Business Recorder, 9th January, 2017 Public good, in economics, refers to something useful for the public that has two major properties: it is ‘non-excludable’ and its ‘non-rivalrous’. The former pertains to the aspect that nobody can be excluded from enjoying its benefits, while the latter signifies that the use or consumption of this kind […]

Welfare in the 21st Century

By Shahid Mehmood Originally published in The News, 8th January, 2017 Welfare and welfare states have been constants in the socio-economic affairs of modern-day nation states, at least from the time of Otto Von Bismarck’s Germany (formerly Prussia). Since then, there has been a gradual move towards establishing a welfare-oriented state. One of the major attractions of the industrialised West […]