What is a Manifesto?The word “manifesto” is derived from the Latin word “manifestum,” meaning clear or evident. It serves as a comprehensive and detailed document that outlines a political party’s vision for society, its proposed solutions to various issues, and its commitments to the electorate if they are elected to govern. Manifestos are also a …
PreambleThe government of Pakistan is facing a growing financial challenge due to the high number of nonproductive government employees. Politicians pride themselves on placing their favorites in the public sector knowing that the taxpayer has no say in the process and will pay the cost.Yet no one looks at what the cost of this dirigiste …
IntroductionAccording to the Pakistan Institute of Development Economics, Pakistan’s long-term GDP or output growth is faltering at best and declining at worst (PIDE, 2021).The economy’s structure, in terms of sectoral shares of GDP, indicates that the indus- trial sector is declining prematurely. In addition, indications are that productivity levels across various sectors of the economy …
Engineering Horizons: Unraveling the State of Industry in Pakistan Read More »
1. THE STOCK MARKET THAT DOES NOT GROW!Pakistan’s stock market tends to make headlines, sometimes because of record highs * that make it the ‘best performing market of the region’, and sometimes because of the crashes. However, the degree to which it contributes to capital formation in the country is not a topic of study, …
A Small Club: Distribution, Power and Networks in Financial Markets of Pakistan (Policy) Read More »
Real estate development in Pakistan suffers from a bad reputation, both in policy circles and in the public. Detractors frequently claim that investing in real estate is unproductive and should be discouraged. Officials often put forward unsubstantiated claims that the real estate business is riddled with illegal activity of all sorts. However, when one looks …
Construction without Real Estate Development (Article) Read More »
Pakistan throughout its history has seen regime changes from more democratic to 1 more authoritarian and vice versa. This has meant that the country’s political and social landscapes have remained volatile and unstable. Many economists argue that this instability has partly contributed to the stifled and irregular growth patterns in the country. The average GDP …
WHAT IS SLUDGE IN THE ECONOMY? Social scientists use the term sludge for excessive or unjustified frictions that make it difficult for people to achieve what they want to or to do as they wish (Sunstein, 2021). These frictions make processes difficult to navigate and entail burdens.Examples of the sludge include: Complicated application forms. Duplicative …
Changes in the government type – technocratic, military or political – without institutional reforms will not make a difference The primary function of the government is to provide service delivery through state institutions by a well-designed regulatory framework. The decision for provision of service delivery should not be influenced by the will of technocrats, military, …
Reforms, Not Technocrats, Are Needed To Steer Pakistan Out Of Crisis Read More »
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