Tracing the Zombies: Unproductive Capital in Pakistan

Pakistani media representatives gather around the Axact company building after a raid by the Federal Investigation Agency (FIA) in Rawalpindi on May 19, 2015. Pakistani investigators on May 19 carried out raids on a firm accused of running a global fake degree empire, officials said, confiscating computers and holding employees for questioning as the scandal deepened. AFP PHOTO / Farooq NAEEM (Photo credit should read FAROOQ NAEEM/AFP/Getty Images)

by Dr. Naseem Faraz The efficient allocation of capital plays a key role in development by nurturing innovation and increasing industrial productivity. However, the reallocation of capital towards less productive firms at the expense of more productive firms harms growth of industries. Recently economists have discussed the existence and rise of zombie firms which slowed…… Continue reading Tracing the Zombies: Unproductive Capital in Pakistan

Resilient Civil Society and Development

by Dr. M Jehangir Khan Government and markets failures are well-recognized phenomena where neither of the institutions can deliver growth and development. The policy literature is rife with solutions to address market and government failures though strongly assuming that the general masses, the non-governmental organizations/activists, and the government bodies always work toward a common interest.…… Continue reading Resilient Civil Society and Development

The C-Section Epidemic in Pakistan

by Dr. Saman Nazir One in five babies comes into the world by the cesarean section (C-Section) in Pakistan. The most recent report of Pakistan Demographic and Health Survey (PDHS) shows a rapid increase in the rates of C-Section deliveries, from 14% in 2012-13 to 22% in 2017-18. Is the C-Section rate too high in…… Continue reading The C-Section Epidemic in Pakistan

War for Talent: The Skills Gap

by Dr. Nadeem Khan A talent shortage is affecting companies not only in Pakistan but also worldwide. According to the latest Manpower Talent Shortage Survey by Manpower Group[1], 45% of employers across the globe report that they cannot find the skills they need. The German Economic Institute recently estimated that a shortage of skilled labor,…… Continue reading War for Talent: The Skills Gap

Are Ulama Agents of Social Change in Pakistan?

13th century illustration depicting a public library in Baghdad, from the Maqamat Hariri. Bibliotheque Nationale de France

by Mr. Fahd Zulfiqar Academician Muhammad Khalid Masud ascribes religion as the “formidable challenge” to the socio-economic and political development in Pakistan. The more contemporary scholarship is not very critical of the relationship between religion and development. The increase in the number of scholarly literature on the relationship between religion and development can be attributed…… Continue reading Are Ulama Agents of Social Change in Pakistan?

Doing Away with the 1861 Police Act

by Fida Muhammad Khan While teaching I once asked my students what comes to their mind when they see a police officer or constable. There were different answers but the majority of them replied “fear” or “power”. I wasn’t shocked because I found their replies in agreement with the literature on post-colonial police. Police as…… Continue reading Doing Away with the 1861 Police Act

FATF: A Challenge for Pakistan in the US-Taliban Peace Talk Scenario

by Dr. Abdul Jalil The concurrence of FATF Review and US-Taliban talks might prove to be a thin edge of the wedge for Pakistan as it is a mise en scène that can have some serious politico-economic ramifications. The next few months are going to be critical. Recently, the Financial Action Task Force (FATF) Plenary…… Continue reading FATF: A Challenge for Pakistan in the US-Taliban Peace Talk Scenario

Issues and Strategies to Revitalize the Agriculture Sector of Pakistan

By Dr. Abedullah Agriculture is the lifeblood of Pakistan’s economy because it contributes about 18.5% to GDP, provides livelihood to 64% rural inhabitants and employs 38.5% of the total national labor force[1]. The sector has direct and indirect linkages with other sectors of the economy and plays a significant role in socio-economic development of the…… Continue reading Issues and Strategies to Revitalize the Agriculture Sector of Pakistan

CPEC and Pakistan’s Debt Burden

by Dr. Talat Anwar CPEC mega project worth USD 62 billion is considered to be a game changer for Pakistan. The progress of CPEC has, however, been affected in the wake of economic crisis since 2018. There have been reservations among international donors that CPEC loans have resulted in enormous imports of Chinese equipment and…… Continue reading CPEC and Pakistan’s Debt Burden

Bikes, Density and Cars

written by Dr. Nadeem ul Haque Lord Keynes in a famous statement said that “Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years…… Continue reading Bikes, Density and Cars