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2019

Neo-liberalism: The lesson we never learned

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Neo-liberalism The lesson we never learned The triumphant march of neo-liberalism that has dominated the world over the last 40 years is rapidly fading after the costly defeat in the 2016 elections. It leaves behind a history of several major economic disasters, a dubious legacy of globalism, the erosion of the middle class, the widening gap between the rich and ... Read More »

Looming Economic War

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Looming Economic War Nothing is agreed until everything is agreed!  The tariff war with China unleashed more than a year back by the Trump administration in the United States threatens to turn into full-fledged economic war. The US claims that China is engaging in unfair trade practices and adopting coercive measures against US firms, undermining US economic interests. China not ... Read More »

Indian Election 2019

NARINDRA MODI

Indian Election 2019 The Rise of the Rightist Dr Muhammad Kaleem The contemporary is witnessing the meteoric rise of populism, nationalism and religious intolerance. This phenomenon has engulfed the whole world in general, and in the West in particular with the rise of Donald Trump and British exit from the European Union, i.e. Brexit. In India, Modi government, which first ... Read More »

Constitutionality Of The Police Laws And The Sindh Revival Of Police Order Bill, 2019

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CONSTITUTIONALITY OF THE POLICE LAWS AND THE SINDH REVIVAL OF POLICE ORDER BILL, 2019 Kamran Adil Constitutionality and Justice Sector The justice system of Pakistan is not showing signs of resuscitation as it is neither providing ‘justice’ nor acting as a ‘system’. Many factors have contributed to this state of affairs. The very orientation of the ‘system’ needs to be ... Read More »

How compatible are democracy and capitalism?

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How compatible are democracy and capitalism? Economic stress and demographic change are weakening a symbiotic relationship Of late, the world’s older democracies have begun to look more vulnerable than venerable. America seems destined for a constitutional showdown between the executive and the legislature. Brexit has mired Britain in a constitutional morass of its own. Such troubles could be mistaken for ... Read More »

Budget Brief 2019-20

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Budget Brief 2019-20 Muhammad Sulaiman Social Indicators Facts about Pakistan Economy 5th most populous country in the world 23rd largest in the world in terms of purchasing power parity (PPP) 40th largest in terms of nominal gross domestic product. Nominal GDP per capita of $1,357 in 2019 (ranks 154th ) PPP GDP per capita of 5,839 in 2019(132th) Undocumented economy ... Read More »

The Federal Budget 2019-20

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The Federal Budget 2019-20 Rarely if ever, except perhaps during the initial years after our independence in 1947, has Pakistan faced such dire economic straits as those that confront it today. Consequently, the template of the federal budget was cast by the IMF programme terms that the country recently agreed with the Fund at the staff-level and has duly complied ... Read More »

European Elections

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   European Elections Young people chose Europe! The European Parliament elections are over, with the liberal wing sighing with relief, while the right wingers can smugly point to the increase to 25% of representation in the world’s second largest democratically-elected parliament. The good news is that the elections gained something of a new momentum. Since its first-ever direct elections in ... Read More »

Why Technocracy is the Only Way Out?

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Why Technocracy is the Only Way Out? Amjed Jaaved With change of guards at the SBP, and with removal of a bureaucrat from the post of FBR Chairman, and appointment of a technocrat to take his place, a surreptitious technocratic coup d’état seems to be underway in Pakistan. This development also suggests that the current setup of the country is ... Read More »

Sources Attributable to the Sales Tax Gap

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Sources Attributable to the Sales Tax Gap Bilal Hassan In Pakistan, people prefer to make business transactions in cash rather than through banking channels. Only 13 percent Pakistani nationals have formal bank accounts as compared to 83 percent people in Sri Lanka, 53 percent in India, 31 percent in Bangladesh and 92 percent in Iran, according to the JCR-VIS sector update ... Read More »