The IMF-Pakistan Deal: Unpacking Economic Realities
Afifa Iqbal highlights the economic challenges facing ordinary Pakistanis amidst the country’s recent IMF deal. Pakistan’s economy is in crisis, with soaring inflation rates and hardships for its citizens. The priorities of the political leadership have only made matters worse. The IMF’s conditions for the deal include fiscal austerity measures that prioritize debt servicing over public and development spending, leading to potential hardships for the people. Additionally, the policy targeting disinflation could result in increased borrowing expenses and unemployment.
Small Business, Big Impact: How Government Policies Can Boost Economic Growth in Pakistan
Misha Karim suggests that Pakistan’s economic crisis can be resolved by promoting entrepreneurship through government policies such as streamlined regulations and tax reforms.
The International Monetary Fund (IMF) has been providing financial support to Pakistan to address its economic crisis. However, IMF loans come with conditions such as reducing government spending and increasing taxes, which can negatively impact the economy and the people.
It is important for Pakistan to implement structural reforms such as streamlining regulations and taxes for small and medium-sized enterprises (SMEs) to promote growth and job creation. Supporting small businesses can play a key role in shaping the national growth strategy.
Islam, Ethnicity, and Power Politics: Constructing Pakistan’s National Identity by Rasul Bakhsh Rais
Islam, Ethnicity, and Power Politics by Rasul Bakhsh Rais analyzes the relationship between the issue of identity, power politics and competing ideologies in Pakistan.
Rais illustrates how Islam has been used to legitimize political power, how ethnic identities have been mobilized for political purposes, and how these dynamics have shaped the political landscape of Pakistan.
Electricity Price Hike: A Tale of Poor Governance
Pakistan has been facing a myriad of issues, but the energy crisis is one such issue that has hit the country hard. The phrase ‘load shedding’ has become a part of our daily vocabulary. Insane and unexpected electricity bills are the talk of the town.
Does Pakistan lack the capacity to generate enough electricity? Why has a sudden hike in the bills taken place? Is the current crisis a result of poor leadership or a natural occurrence? And above all, can this be fixed or not?
Introduction to the China-Myanmar Economic Corridor (CMEC)
The China-Myanmar Economic Corridor (CMEC) is a strategic infrastructure project of China’s Belt and Road Initiative (BRI) aimed at connecting China with Myanmar’s major economic centers.
CMEC was endorsed by Chinese President Xi Jinping during his visit to Myanmar in January 2020, marking the culmination of China’s efforts to reconstitute Sino-Myanmar relations after Myanmar’s democratic transition.
Inglorious Empire: What the British Did to India
Shashi Tharoor’s “Inglorious Empire: What the British Did to India” is a provocative and insightful analysis of British colonial rule in India.
Tharoor, the accomplished author, politician, and ex-diplomat, challenges popular narratives that romanticize and glorify colonialism by offering an honest assessment of the British Raj.
He highlights the economic exploitation, deindustrialization, famines, and political manipulation that took place under British rule in India.
From Debt Burden to Economic Growth: A Roadmap for Pakistan’s Recovery
Faryal Khan discusses pakistan’s external debt and liabilities, proposing measures for the country’s economic recovery and growth. Drawing inspiration from successful examples and policies implemented by other countries, this article suggests policies such as improving the investment climate, reducing the cost of doing business, promoting renewable energy, and implementing microfinance policies. By adopting these policies, Pakistan can create a favourable business environment, attract more investment, and ultimately boost its economy. This proposed roadmap aims to help Pakistan transition from a debt burden to a path of economic growth and prosperity.
The Federal Board of Revenue (FBR) of Pakistan
Established in 1924 as a federal law enforcement agency, the Federal Board of Revenue (FBR) ensures transparent revenue generation through tax collection.
Using modern techniques, the professional workforce maintains the integrity of the institution by performing its duties while seeking to develop a healthy relationship with taxpayers.
Panama Canal’s Climate Crisis Affects $270 Billion Trade Industry
For the fifth time this drought season, the Panamanian Canal Authority (ACP) has restricted the size of ships allowed to transit the canal.
With about 38 vessels navigating it daily, a water supply issue is threatening the survival of this vital waterway. The climate crisis has forced Panama’s government to curtail maritime traffic in the channel that connects the Atlantic and Pacific.
China-Pakistan Economic Corridor: 10 Years and Beyond
It’s been a decade since the inauguration of the China-Pakistan Economic Corridor (CPEC), a $50 billion project under the Belt and Road Initiative (BRI).
While many believe that the project has failed in many respects, Ayesha Shaikh shares what it is and what it isn’t.
The Economic Challenges of Pakistan: Exploring the Roots and Possible Solutions of the Crisis
Rida Raja delves deep into the economic crisis of Pakistan to get a more holistic, detailed, and long-term picture. She uses a factual and statistical approach to draw an economic understanding of the country’s ongoing crisis.
She discusses what the reasons behind the economic crisis really are, i.e. lower productivity growth, lower savings rate, untapped export potential, and limited integration with global value chains.
Rida proposes a few solutions to these issues, considering each of the country’s major economic sectors separately.
Why is Russia Rolling Out Islamic Banking?
It was certainly a surprise when the Russian parliament’s lower chamber approved the bill allowing the introduction of the Islamic banking system.
The trial will start on 1st September and last for two years, but with the possibility of an extension depending on the results. Russia’s engagement in developing Islamic banks is a sign of its ambitions to seize new economic possibilities and improve connections with nations with a Muslim majority.
Fukushima Water Discharge Controversy
A disastrous tsunami followed the 2011 earthquake in Japan, causing disruption to the reactors at the Fukushima nuclear plant site. As a consequence, there was a release of radioactive material.
Japan has now decided to release treated radioactive water into the Pacific, but China, South Korea, and the Pacific Island nations are opposing the discharge of the Fukushima water.
Niger Coup & Its Threat to West Africa
On 26th July 2023, a coup occurred in Niger which left the democratically elected president, Mohamed Bazoum, detained by the presidential guards in the presidential palace.
The presidential guard commander-general, Abdourahamane Tchiani, proclaimed himself the head of a transitional government, the National Council for the Safeguard of the Homeland.
This one coup has overturned the whole social, political, and economic paradigm of Western Africa.
BRICS Currency: Reshaping Global Economics
Sibra Waseem asserts that the US interest rate rise, monetary policy, and geopolitical tensions on global trade prices have fed the move for a BRICS currency. Where approximately 88% of worldwide commerce is currently handled in US dollars and accounts for 58% of global foreign exchange reserves, the BRICS currency would certainly shift the tides of geoeconomics. She, however, notes that the possibility of a BRICS currrency is marred by tensions between states comprising the powerful bloc.
Energy Predicament of Pakistan: SWOT Analysis and Way Forward
Safia Mansoor holistically covers the various dynamics of Pakistan’s energy crisis and the threats to Pakistan’s power sector by using the SWOT analysis. Strengths of Pakistan’s energy sector are massive coal reserves alongside wind, solar, and hydro energy potential, whereas the weaknesses include poor governance, inadequate role of DISCOs, T&D losses, corruption, and energy supply chain problems.
She also highlights various opportunities such as CPEC energy projects and clean & green energy technologies. Most importantly, the threats to the country’s energy sector are also discussed which include circular debt and lack of energy diversification.
She concludes that political, institutional, economic and technical reforms are need of time to deal with worsening power crisis of country.
[Video] China’s Economic Rise
Explore the incredible narrative of China’s remarkable ascent to becoming a dominant global economic force in this engaging video. Join us as we dive into the historical, political, and socioeconomic factors that have propelled China from its humble origins to a position of unrivaled economic influence.
