October 29, 2018
By Zeeshan Haider

The Saudi loan package and oil on deferred payment facility have given Pakistan Tehreek-e-Insaf government the much-needed breathing space to avert the balance of payment crisis and take steps to stabilise the economy. Talks are also underway to secure a similar package from the United Arab Emirates .Foreign Minister Shah Mehmood Qureshi, after meeting a high-powered UAE delegation, has announced that his government is seeking oil on deferred payment from the UAE too and reports suggest that the entire package may amount to another $6 billion.In early November, Imran Khan is embarking on his first official visit to China as Prime...


By Sirajuddin Aziz

An environment intimidation is a tool usually deployed by weak, insecure, and incompetent superiors. They use it to mask their inadequacies. A halo of aloofness is the first sign to identify this class of managers. They refuse to follow an open-door policy and even if they do so, for the sake of looks only, then it is a case of closed-mind with open doors to the cabin. The various other ploys to avoid ‘exposure’ to colleagues, is to ask for meetings and presentations. If you examine their diary, it is cluttered with meetings. It makes this species look very busy, but that ain't the case. The singular purpose is to ensure that...


By Janan Ganesh

A lifetime on and in front of the television, that hurried medium, trained Donald Trump in the art of the compressed jibe. Next to “low energy” and “little Marco”, however, “lyin’ Ted” was a dud. It took supplemental strikes on Ted Cruz’s wife and father to sting the Texas senator, who called Mr Trump a “snivelling coward” in 2016.On Monday, Mr Trump campaigned for Mr Cruz in Houston. There have been similar reconciliations with senators Rand Paul, who once called the president an “orange-faced windbag”, and Lindsey Graham, who, with Beckettian economy, went with “jackass”.At this point, the done thing is to...


By Michael Mackenzie

When markets tumble the collective need for a clear explanation becomes overwhelming. People who are usually indifferent to the performance of stocks suddenly want answers as a sharp slide in markets is on the news.This week has certainly cemented October’s reputation as a dangerous month for equities, as Wall Street erased its gains for the year in a tumble on Wednesday. That only compounds what is already a miserable 2018 for many other global stock markets: the FTSE All-World index — with a US weighting of 31 per cent — is on course for its worst month since 2012.In just five weeks, Wall Street has swung from a record peak towards...


By Zeeshan Haider

The PTI government seems to be still in a bind despite formally requesting the IMF for a bailout package. The government faced scathing criticism from the opposition for its delayed decision to go for the inevitable to avert the imminent balance of payment crisis. Everyone thought that after Finance Minister Asad Umar made formal request to the IMF chief Christine Lagarde in Bali, Indonesia, the government will sit down to draw up a strategy for the talks with the IMF team due in the country in early next month.However, a shocking statement came from no less a person than Prime Minister Imran Khan himself hinting that a second thought...


By Sirajuddin Aziz

Living in the era of extreme competitiveness, the need for possessing the highest standards of technical proficiency cannot be underscored strongly enough. With the intrusion of technology in our every day chores, it is practically impossible not to be tech-oriented, if not -savvy. The two year toddlers today touch, on their parent’s smartphones, the icons of which particular cartoon series, they wish to watch, while having meal. There is no escape from technology or for its need. In this deep-seated alliance with technology, the aspect which must reign in the minds of individuals and business managers is that no attitude of...


By Web Desk

There is one thing to be said for President Donald Trump’s trade policy: it rarely allows a dull moment. On Wednesday, Wilbur Ross, the US commerce secretary, went to Brussels and accused the EU in no uncertain terms of dragging its feet in negotiations. Thus he imperilled an uneasy peace that had held since July, when European Commission president Jean-Claude Juncker and Mr Trump announced talks on a bilateral deal to head off the threat of the US imposing tariffs on cars from Europe.The importance of this week’s intervention should be treated with some scepticism. Mr Ross is towards the aggressive end of the wide spectrum of opinion...


By David Lubin

One could be forgiven for having missed the fifth birthday last month of China’s Belt and Road Initiative.Celebrations were notably mute, for two obvious reasons. One is the increasingly audible grumbling among recipient countries about the effects of what Malaysian prime minister Mahathir Mohamad has called a “new colonialism” — a phrase that captures the idea that the BRI has led to the accumulation of debt on receiving countries’ balance sheets to pay for projects of uncertain value, built mostly by Chinese contractors on opaque terms, allowing China’s regional influence to grow in ways that are out of proportion to the...


By Mehtab Haider.

With the economy sinking deeper and deeper in the quagmire of instability every day, Pakistan will have to conjure up a contingency plan in case International Monetary Fund comes up with a tougher prescription with some possible noneconomic conditionalities that may lead to a no-deal. Pakistan Tehreek-e-Insaf led regime have so far remained unable to devise a strategy that can help them take the bull of economic deterioration by the horns. And failing to plan is actually planning to fail. Given the circumstances, it won’t be an exaggeration to say the economy, if it comes out of the storm, is headed straight into a cyclone because...