Pakistan’s economy is experiencing structural inflation where the percentage change in the Consumer Price Index (CPI) is in double digits. The percentage change in the Wholesale Price Index (WPI) has remained very high in the last couple of years. The Sensitive Price Indicator (SPI) is also in double digits, creating trouble for the masses. In order to combat this structural inflation, the g
The myth that governments possess infinite money to spend is quite prevalent in contemporary society. The public sentiment hinges on the fact that the economy runs on altruism and that the state should spend prodigiously to orchestrate a better life for its citizens. Everybody wants a discount on their livelihood irrespective of their social standing. The farmers want a subsidy on their agricul
Remember all the brouhaha (on Twitter) over how many loan shark apps had permeated Play Store in Pakistan and ripped off ordinary folks with misleading claims and exorbitant interest rates? It was enough for Google to take notice and remove some of the names. Well, that lasted less than two months as two of the apps removed from Play Store are not only back again but currently trending in the t
The World Bank has established a new fund to strengthen pandemic preparedness and response mechanisms in low and middle-income countries The new ‘financial intermediary fund (FIF)’ for pandemic prevention, preparedness, and response (PPR) has been officially established to provide financing for PPR capabilities at national, regional, and global levels, said a statement by the World Bank. The
Osman Khalid Waheed has been president/CEO of Ferozsons Laboratories since 1999. Under him, the company has expanded its portfolio of medical solutions for critical diseases by forging alliances with a number of leading international partners, including the US’s Boston Scientific, Argentina’s Bagó Group and Gilead Sciences. His partnership with Gilead has helped him bring its treatment for Hepatit