Opinion

Competitive federalism or centralised provincial monopolies?

The 18th Constitutional Amendment was one of the most consequential democratic reforms in Pakistan’s constitutional history. By devolving 17 major…

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The echo of Chagai

History remembers those who rise above constraints and reshape their destiny through courage, vision and collective resolve. For Pakistan, May…

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A budget written in commitments

Federal budget-making in Pakistan, when the country is in an IMF programme (and mostly it is in an IMF programme)…

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Pakistan’s long war

The acts of terror by entities like the TTP and now their equally virulent variants like Ittehad-e-Mujahideen-e-Pakistan (IMP) have continued…

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The border as lifeline

In October 2025, Pakistan closed all major western crossings with Afghanistan. Pakistan stated that the closures were necessary because of…

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The Crucifixion of Pakistan by the IMF

Pakistan’s current economic predicament is far more than a mere fiscal crisis; it is a profound national tragedy and a…

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Markets beyond geography, policies need to catch up

The global financial system was not designed to exclude the developing world. It was designed for the markets it already…

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Reordering the Middle East

A close look at the recent developments in the Middle East, especially Israeli attacks on Gaza and Lebanon, and the…

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Bank nationalisation: ideology or necessity?

Having had the vantage point of leading a bank through its transition from the nationalisation era into the private sector…

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Rethinking Pakistan’s fiscal model

Pakistan’s Budget FY27 should not begin with the question of how much additional revenue can be extracted from the economy.…

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