A massive power breakdown last week in Pakistan left millions of citizens without electricity across the country for most of the day on Monday. Triggered by ‘frequency variations’ in the system, it was the second major electricity breakdown since October, forcing many to compare the nation’s fragile power sector and its economy on the verge of collapse. Later in the evening, the State Bank h
Policymakers’ efforts to raise productivity for export-oriented economic growth have not achieved any meaningful success, as the country has remained primarily focused on producing low value-added goods in demand in developed economies. In the process, we have built an import-oriented economy on the brink of default, prompting a call by relevant experts for productivity-led growth. The econo
Climate change manifests itself through rising temperatures, changing rainfall patterns, and increasing intensity and frequency of extreme weather events. It has enhanced the production risk of agricultural farming, a business which has already been inherently risky for farmers due to high dependency on favourable weather conditions and volatile prices of crops in the market. Even if we put asi
Does populism have a role in the making of the current economic crisis in Pakistan? The general perception in business circles is that it does. For many, delays in harsh but necessary policy decisions by the last and the current government are the most blatant expressions of the populist tendencies of rulers in Pakistan. The initial reluctance of former prime minister Imran Khan’s government
India’s Adani Group issued a detailed riposte on Sunday to a Hindenburg Research report that sparked a $48 billion rout in its stocks, saying it complies with all local laws and had made the necessary regulatory disclosures. The conglomerate led by Asia’s richest man, the Indian billionaire Gautam Adani, said last week’s Hindenburg report was intended to enable the US-based short seller to book