Dr. Usman W. Chohan

The question of our overall trade balance, how much we export and import, is one that has always been of significant concern, and one that has bedeviled many successive administrations, particularly those of recent times. It is generally ideal for a country to have a high level of both exports and imports, with roughly an equal amount of both. If exports are too great, there are negative effects such as strong appreciation of the currency, the need to reinvest surplus forex, and inflation.
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The mainstay of current tax reform discussions in Pakistan arrives at the unanimous conclusion that the tax system is deeply flawed and cannot continue the way that it has. The most prominent and à propos recommendations include an expansion of the tax base, a reduction of unfair burden
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Sovereign wealth funds (SWF) are one of the most potent financial forces of the modern era, and having carefully studied SWFs through the prism of public value, I have come to see considerable merits in creating such institutions, but only in specific contexts.
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Of the many shortcomings in economic pedagogy, one that is particularly worrisome is the omission of natural capital. Economists excessively discount (or simply ignore) the value of nature in production, taking nature’s bounty as an entirely boundless sum.
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The libertarian schools of economic thought have long placed emphasis on the concept of economic freedom, and the central premise of their thinking is that the greatest prosperity will ensue only when individuals are allowed to build wealth without coercion, limitation, theft, or hindrance.
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