In recent months, debates on Central Bank Independence (CBI) have arisen in Pakistan following the Federal Cabinet’s approval of amendments in the State Bank of Pakistan (SBP) Act and its subsequent passage in January 2022. While some have tended to highlight the merits of CBI, others have raised concerns regarding the law. However, in order to facilitate an informed discourse on the complex issue, it is imperative to acquire and disseminate insights from leading economists who possess a profound understanding of the subject. Moreover, it is important to propose a way forward that is able to address the concerns surrounding the legislation and ensure that the SBP creates value for the public and serves Pakistan’s overarching long-term national interest.
Israel-Iran Standoff and Global Oil Prices
The war on Gaza since early October last year has had a limited impact on global oil prices, unlike the spike in oil prices that followed the war in Ukraine, as neither Israel nor the besieged Gaza Strip are significant oil producers.
For context, global Brent crude oil prices increased briefly after the initial violence in early October
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Adapting Air Defence: Reemergence of Anti-Aircraft Artillery in Modern Warfare
Rapid advancement in science and technology has not only reshaped modern warfare but also transformed the contemporary battlefield. New technologies being more precise, and lethal have made many existing weapon systems redundant requiring replacement.
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Kalyani Devaki Menon, Making Place for Muslims in Contemporary India
Kalyani Devaki Menon’s ‘Making Place for Muslims in Contemporary India’ is an insightful gateway into the challenges faced by Indian Muslims to survive in a country treading on the path of exclusionary and majoritarian politics. Working currently, as a Professor of religious study at DePaul University, Chicago, Menon, has previously also written a book titled ‘Everyday Nationalism’ on the religious politics of Hindu rights.
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