Land grab or river revival? Inside $7 billion Ravi city project
Published in The News on January 20, 2022 After the British divided Pakistan and India more than seven decades ago, Suleman Mohammad Sajjad Warraich’s father received a section of land on the outskirts of Lahore. It was a place to put roots in the new nation. Later on, Warraich and […]
Economists Pin More Blame on Tech for Rising Inequality
By Steve Lohr Published in The New York Times on January 11, 2022 Daron Acemoglu, an influential economist at the Massachusetts Institute of Technology, has been making the case against what he describes as “excessive automation.” The economywide payoff of investing in machines and software has been stubbornly elusive.[…]
Growing financing needs: Pakistan may have to seek new IMF loan
By Mehtab Haider Published in DAWN on January 18, 2022 ISLAMABAD: Pakistan’s gross financing requirements are estimated to go up to $30 billion in the next budget for 2022-23, leaving no other options for the government but to seek a fresh IMF loan after the expiry of the existing programme[…]
Remittances growth
Published in DAWN on January 18, 2022 THE hefty growth in remittances from Pakistanis living abroad continues to defy forecasts to the contrary. New State Bank data shows that remittances have surged by 11.3pc to an all-time high of $15.8bn in the first half of the present fiscal to December[…]