29

May

Curbs on black market can push remittances to $50b

By Shahram Haq Published in The Express Tribune on May 28, 2023 LAHORE: Foreign remittance service providers have voiced optimism that Pakistan’s remittances can surpass $50 billion per annum, if authorities restrain the black market, which they believe constitutes nearly 80% of the total market. They point out the black market or illegal ways of sending remittances, […]

29

May

The competition gap

By Amber Darr Published in Dawn on May 28, 2023 THE promulgation of Pakistan’s first Competition Ordinance in October 2007, in the same week as the more infamous National Reconciliation Ordinance, was a legislative non-event. Not only was the country preoccupied with the increasingly vociferous calls for general elections but also the subject of competition was too[…]

29

May

Economic architecture

By Aizaz Ahmad Chaudhry Published in Dawn on May 28, 2023 THE US is having second thoughts about the Washington Consensus it had evolved in the 1990s. At that time, the Cold War with the Soviet Union had just ended, and the world had moved into the phase of globalisation and interdependence. It seemed then that the[…]