September 17, 2018
By Web Desk

Westminster is burning. Theresa May’s government has fallen to civil war over Brexit. Jeremy Corbyn’s Labour party, tarnished by charges of rising anti-Semitism, has its own divisions about Europe. But there is no cause for alarm. The economy is oblivious to political bickering and the ticking of the Brexit clock. Growth is tootling along, if not at a clip then certainly at a useful jog.A passing glance at the official statistics explains such complacency. The economy has been growing at a little under 1.5 per cent annually and provisional figures suggest the rate accelerated during the previous quarter. Unemployment is at its lowest...


By Gillian Tett

There is never a great moment to experience an emerging markets crunch. Right now, however, the timing of the debacles in Argentina and Turkey is almost fortunate for Christine Lagarde, the managing director of the IMF.For as investors nervously watch events in Buenos Aires or Ankara, Ms Lagarde is grappling with another dilemma in Washington, around the IMF itself. This autumn she is launching a discreet lobbying campaign to persuade the fund’s major creditors to expand its resources. And as this battle gets under way, the crisis in Argentina might unexpectedly help her pitch — even with the administration of Donald Trump.Investors...


By Mehtab Haider.

Prime Minister Imran Khan has conceded that the country was short of funds to run its affairs and the fiscal woes could be overcome without improving governance and overhauling bureaucracy. There is a need to remind Pakistan Tehreek-e-Insaf that now they have assumed reins of power thus pointing out the problems will not solve them. In order to pull that feat off they will have to devise a plan with an implementation mechanism to deliver goods for the country.The incumbent regime is all set to present a mini budget before National Assembly this week by readjusting all major macroeconomic and budgetary targets for the rest of the fiscal...


By Richard Branson

Q: How do you help aging workers embrace a changing environment and adapt to new ways of doing things, and how can employers better utilise their more senior employees? — Sam Wandati, Kenya A: As an aging worker myself, I will attempt to answer on behalf of my contemporaries. When people ask how old I am, my favorite response is, “Younger than Mick Jagger!” No disrespect intended to Mick, who is a friend of mine, but seeing him onstage certainly shows how big a disconnect there can be between doing what you do best and acting your age!Let’s put this issue in perspective. I was once asked, “How old would you think you were if...


By Moazzam Ali Khan

Tourism development in Pakistan should be taken seriously. It is a globally a recognized fact that revenue generated through tourism activity has yielded more than any other sector of business. If we compare revenue engendered by trade to the tourism earnings globally, the latter are at the top. We have never taken this revenue generating segment of business conscientiously, in spite of the known fact that our country has some of the most beautiful sites, mountains, lakes, beaches, water-sports, and archeological sites.Tourism stands on the verge of coming of age and we must strive to make Pakistan a tourists’ destination; with the...


By Zeeshan Haider

Given the enormous challenges ranging from deep-rooted economic woes to mis-governance, one feels shy of being judgmental even if the government was being led by an experienced hand, let alone throwing the book at the performance of a political party which has never been in power at the centre to manage the affairs of the entire country. Moreover, it would be unrealistic to expect immediate results and solutions to the problems faced by the country as it needs sustained and long-drawn-out efforts to stem the deep-seated rot.Prime Minister Imran Khan, therefore, was fully justified when he asked reporters to be patient at least for...


By Sirajuddin Aziz

In my many years of working in the corporate world I have witnessed many shades of the dreaded word called ‘ego’ and ‘false pride’. This misnomer is displayed by people across all hierarchies regardless of industry. Even if they have risen through the ranks, they will still nurture an ego- a rather obnoxious one at times. In fact, it becomes prominent as they advance in their careers. With progress in position, people tend to take more liberties and feel a sense of entitlement when it comes to displaying ego. Of course exceptions are always there however the norm cannot be ignored. From witnessing managers not wanting to admit...


By Web Desk

Whenever emerging market assets or economies start falling into widespread trouble, there is an inevitable tendency to look towards episodes in the past. Is this like the summer of 2015 and early 2016, a sharp sell-off in equities sparked by problems in China which nonetheless had little lasting impact? Is it like 2008, with relatively innocent middle-income countries swept up in a global crisis that emanated from the developed economies? Or is it like the 1990s, when the Asian crisis was characterised by rapid contagion from one vulnerable current-account deficit country to another?As in previous eras, current worsening external conditions...


By Emma Jacobs

Top work advice arrived this week courtesy of the Trump administration. If you need to manage a temperamental boss, hide difficult news. Not metaphorically, but literally. Shove it in a drawer, a cupboard, drizzle it in chocolate sauce and eat it if you must. Just get it out of sight.This example of boss containment — or bosscon, for short — was revealed by the journalist Bob Woodward in his new book, Fear: Trump in the White House.In the book, the journalist describes Gary Cohn, the former US chief economic adviser, removing a letter from President Donald Trump’s desk, a tactic apparently deployed by others to prevent international...