Was the launch of liquefied natural gas (LNG) imports by the Pakistan Muslim League-Nawaz (PML-N) government about a decade ago a blunder? This question arises when we look at the current situation. Pakistan and Qatar have recently reached an understanding to divert 24 LNG cargoes, meant for Pakistan in 2026, to other destinations. The government […]
The global economy is undergoing a seismic technological shift. Robotics, automation, and AI are no longer futuristic ideas, they are now mainstream drivers of productivity, competitiveness, and innovation. According to the International Federation of Robotics (IFR), the industries worldwide deployed over 553,000 new industrial robots in 2023, marking a historic peak in automation demand. Meanwhile, […]
The post-war Bretton Woods system was based on exchange rate stability where the Official Development Assistance (ODA) used to provide necessary development finance to the developing countries. The system ran successfully during the 1950s and 1960s where developing economies achieved high rates of capital accumulation. However, the collapse of Bretton Woods system in the early […]
“Only Pakistan’s stock market is booming.” This is the line echoing across business circles still recovering from a decade of painful economic stabilisation. And yet, the KSE-100’s rise from the low 40,000s to nearly 170,000 – over 300% return in just a few years – cannot be dismissed as coincidence or speculation. It is fuelled […]
Pakistan’s monsoon season left a trail of destruction across the country this year – killing more than 1,000 people, sweeping away livestock and crops, and forcing around 3 million from their homes. Entire areas in Punjab and Khyber Pakhtunkhwa were submerged as rivers burst their banks and towns disappeared under floodwater. Yet amid the widespread […]