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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The Pakistan International Airlines (PIA), once the shining jewel among global airlines, still carries the legacy of its golden era. Though recent decades have posed challenges and shifted the carrier to face financial headwinds, the spirit of the airline remains undimmed. The combined challenges of a fluctuating economy, global events such as the COVID-19
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With inflation hitting record-high levels, millions of low- and middle-income Pakistanis are reeling from a cost-of-living crisis. Since the beginning of the war in Ukraine in late February last year and the subsequent global commodity price hikes, costs of
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Today, millions of Pakistanis find themselves struggling to make ends meet as Pakistan grapples with a challenging economic landscape. Against this backdrop, the International Monetary Fund’s (IMF) recent report on Pakistan, while acknowledging the
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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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