Economic Affairs & National Development

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

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

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

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

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

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

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

In his groundbreaking work The Shipwrecked Mind, Mark Lilla attempts to understand the zeal of reactionaries, unable to grapple with the present and lost in a sea of tumultuous ideas. The title

Considerable controversy has emerged over the Temporary Economic Refinance Facility (TERF), a pandemic-era stimulus program that was launched under the auspices of the State Bank of Pakistan (SBP) as a concessionary financing