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I do not want to elect either. However, simpletons/ordinary citizens who do not understand how the economy works would expect miracles. They consider what they were promised and what they actually got at the end of a government's term while making their electoral decisions. PTI would have done...

1:25 tho....

The dwindling purchasing power of the public has aggravated the problems introduced by high inflation. Purchasing power grows when there is broad-based growth in the economy. He made nonsensical populist promises. People don't understand nor care for the nuances, that is just how it is. They...

So basically, procuring turnkey solutions, not developing them at home.

Strawman and ad-hominem both in a single comment. Please learn to engage people without resorting to personal attacks. No more response from me on your comments. Nobody condoned what Dr. Noman did on live TV, but suing SA for contractual breach is how it is supposed to be. In Pakistan, contracts...

Yeah, there he handled himself well. He was/is no hero, though. He damaged Pakistan cricket when he played with his incessant fighting with the board due to his own discipline issues, theatrics, and whatnot. Being old enough to watch the Pakistani team during the '90s, I can say that with...

I don't understand how a drunkard, undisciplined, hothead like Shoaib Akhtar has been made a national hero suddenly due to his theatrics on a youtube channel (his output there has been much higher than it ever was on the field for Pakistan where he consistently had discipline issues).

India is critical for us in our quest for attaining high-quality, sustainable growth as well. It is a fact one must grudgingly admit. However, forget India, we still have not been able to leverage our strategic relations with China to capture a significant (in our context) share of the Chinese...

@Norwegian would be most pleased with the advocacy for the idea of an unabashed free float here, on a lighter note. Brilliant interview. The guest has talked about things everyone with a habit to read the business pages of quality publications in Pakistan know about. The point about exportable...

After the financial carnage of 2017-18, the per capita income has barely gone back to the 2017 level. My comment about SBP's calibrated interventions was in response to @Norwegian who is a proponent of completely free float. I know that SBP has already burned at least a billion dollars to defend...

Were all plants set up as a result of FDI? I suspect Chinese EXIM bank financed loans (funding) for at least a few of these projects. It makes no sense to keep PKR overvalued otherwise. Was it to contain domestic inflation that a weaker PKR would usher in? World had extremly low commodity prices...

A middle path is necessary. When the purchasing power of the average Pakistani is already in the gutters, you cannot allow unending bouts of devaluation of PKR. Central banks in third-world economies have to intervene. However, the intervention must be done sparingly, so the precious dollar...

I suspect there was a method to that madness too. Pakistan needed power and it needed it fast. Power plants, construction machinery, etc needed to be imported. It would have cost us a fortune in terms of the project costs (under the head of construction material imports) if the imports were not...

What he is saying holds merit. @Norwegian Overheating the economy is never good. Building up aggregate demand could pull up demand-side pressures resulting in inflation. Precisely, higher growth means higher disposable incomes too (wage rise). Demand-pull arising out of higher disposable...

By this logic, you would also be simping for TTP that is fighting back against an institution that has had an outsized role in statecraft. Terror apologia comes in many shapes and sizes.

Telling what constitutes "mainstream" in Pakistan.

That "power" image was also a myth it seems. The global textile market today is around 800 billion USD and we might hardly get an 18 billion dollar share out of it this year.

They said the same last time around as well and presented themselves to be lynched by Brelvi fanatical terrorists. When would they learn to not come in the way of these religiously inspired beasts and their marches to Isl/Pindi, give them a wide berth to PM house, Aabpara, and GHQ that...

I am sorry, I did not get your point. The lowest rung of industrialization is the textile industry. It is perfect for reducing joblessness and elevating the purchasing power of population groups due to its highly labor-intensive structure. Pakistan is blessed to have an existing infrastructure...

Encouraging signs. Government should be petitioned to give long term energy subsidy to export industries (5 years) instead of the yearly one in effect now that gets extended. This coupled with cheap credit availability (TERF) would encourage across the board investment in increasing the...