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Friday March 01, 2024
Ishrat Husain
Ishrat Husain

  • January 06, 2024

    Sartaj Aziz: public service embodied

    He was passionate about agriculture development, mitigation of rural-urban income inequality, absorption of new entrants to job market

  • June 09, 2023

    Towards industrial policy 2.0: Part - V

    Infrastructure: Pakistan’s unending energy crisis and high-end user costs have enormously damaged industrial growth and diversification,...

  • June 06, 2023

    A look at provincial budgets

    Provinces contribute only one per cent of GDP to national taxes

  • June 02, 2023

    Towards industrial policy 2.0: Part - IV

    The end purpose of an industrial policy for Pakistan should be to achieve competitiveness through higher productivity which brings greater profits...

  • May 26, 2023

    Towards industrial policy 2.0: Part - III

    Instead of choosing the winners and losers which was the case with the industrial policy 1.0, the thrust of the new policy that is still evolving is...

  • May 19, 2023

    Towards industrial policy 2.0 -Part - II

    The foreign exchange earnings from jute exports which originated from former East Pakistan were pre-empted for allocation to industrialists in what...

  • May 12, 2023

    Towards industrial policy 2.0: Part - I

    Recent developments in the Western countries have reopened the discourse on the need for an industrial policy. Pakistan, which has gone through...

  • May 05, 2023

    Reviving agricultural growth: Part - VI

    Pakistan will have to develop a unified market linking the farms to retail outlets covering the full supply chain particularly in high-value...

  • April 28, 2023

    Reviving agricultural growth: Part - V

    Mechanization, technology and advisory services: one of the major constraints facing small holders is the lack of resources and knowledge about...

  • April 21, 2023

    Reviving agricultural growth: Part - IV

    Import substitution and export promotion: agro-based exports fetch 75-80 per cent of total earnings but the direct exports of agricultural...

  • April 14, 2023

    Reviving agricultural growth: Part - III

    At present, the canal irrigation management system recovers only a quarter of its repair and maintenance costs. In the 1970s, the entire cost was...

  • April 07, 2023

    Reviving agricultural growth: Part - II

    The question we have to address is: what can be done to boost the productivity of 88 per cent of the farms that own less than 12.5 acres of land and...

  • March 31, 2023

    Reviving agricultural growth: Part – I

    Agriculture forms the backbone of Pakistan’s economy as it provides livelihoods to almost two-thirds of the population, food, water, energy...

  • March 24, 2023

    Governance for local government: Part - IV

    The rules of business have to be changed accordingly. It would be imperative that the chief executive officers of metropolitan corporations and...

  • March 17, 2023

    Governance for local governments: Part - III

    Proposed governance system for local governments: In light of the experience of the 2001 LGO, let us now examine what needs to be done to avoid the...

  • March 10, 2023

    Governance for local government: Part - II

    The fragmentation of development projects into small schemes catered to the narrow interests of the local communities without any sense of priority,...

  • March 03, 2023

    Governance for local governments: Part - I

    This article is divided into three parts. The first part deals with ‘why local government?’ The second with experiences during the 2001-2009...

  • February 24, 2023

    Policies for digital banking: Part - II

    The journey in pursuit of the vision started in the early 2000s when the SBP decided to mandate banks to join one of either two ATM switches...

  • February 17, 2023

    Policies for digital banking: Part - I

    The State Bank of Pakistan has recently granted five licences for Starting digital banks that would provide the whole range of banking services...

  • February 10, 2023

    Recalibrating governance: Part IV

    Pakistan faces two serious problems in education. Twenty million children are out of school and learning outcomes from existing schooling are quite...

  • February 03, 2023

    Recalibrating governance - Part III

    A major departure has to be made in the deployment of civil servants. Instead of senior, qualified and courteous officers being assigned to...

  • January 27, 2023

    Recalibrating governance - Part II

    The frequent takeovers by military regimes and the consequential screening of hundreds of civil servants led to the subservience of the civil...

  • January 20, 2023

    Recalibrating governance: Part - I

    An economy is driven by the contributions and interactions of state, society and markets. Before we take up the agenda for recalibrating governance...

  • January 13, 2023

    Fixing the taxation system - Part IV

    Among many compelling reasons for further devolution to the third tier is that citizens in a local jurisdiction are found to pay more taxes as they...

  • January 06, 2023

    Fixing the taxation system - Part III

    One of the pernicious side-effects of a large dose of the federal divisible tax pool injected into the provincial finances is that the provinces...

  • December 30, 2022

    Fixing the taxation system - Part II

    Studies on sectoral incidence show that industry bears more than two-thirds of the tax, while the services sector bears about 21 per cent and...

  • December 23, 2022

    Fixing the taxation system - Part I

    Very few people outside the economics profession realize that fiscal and current accounts are closely interlinked.A current account is an...

  • December 09, 2022

    The future of our economy - Part III

    Coming to the third structural reform: investment rates have lingered around 15 per cent of GDP in the last decade thus constraining the rate of...

  • December 02, 2022

    The future of our economy - Part II

    The short-term measures described in Part I will not have the desired effects unless the emphasis is shifted in our school system towards Science,...

  • November 25, 2022

    The future of our economy - Part I

    The future of any economy is closely linked with its present and the past. Pakistan’s economic past has gone through different phases with...

  • November 18, 2022

    Sindh: floods and rural economy - Part III

    What needs to be done? One of the main reasons for the flooding due to torrential rains this time around rather – than the river levels rising...

  • November 11, 2022

    (Part II) Sindh: floods and rural economy

    On top of the adverse global and national developments in a post-pandemic world, Sindh and Balochistan got severely hit by extraordinary torrential...

  • November 04, 2022

    Sindh: floods and rural economy - Part I

    Sindh has a population of around 50 million. There is an equal division – 52 per cent live in urban areas while 48 per cent in rural areas and...

  • October 28, 2022

    Resetting foreign economic relations : Part – III

    Gulf States: Pakistan has enjoyed very friendly relations with the Gulf States. The first generation of Emirates rulers were very favourably...

  • October 21, 2022

    Resetting foreign economic relations : Part - II

    China: there are several areas where the ongoing cooperation between Pakistan and China should be continued but at least three areas need to be...

  • October 14, 2022

    Resetting foreign economic relations : Part I

    The 2021 National Security Policy has made geo-economics its main pivot. It is therefore essential to look in a coherent and comprehensive manner...

  • October 07, 2022

    Economic prospects of Gilgit-Baltistan : Part - III

    The recent initiative taken by the Gilgit-Baltistan government to introduce STEM subjects right from the school level is highly commendable. This...

  • September 30, 2022

    Economic prospects of Gilgit-Baltistan : Part II

    Community organizations have built bridges, irrigation channels and other small infrastructure projects at much lower costs as they participated in...

  • September 23, 2022

    Economic prospects of Gilgit-Baltistan : Part - I

    This article is part of a series to raise general awareness about the economic conditions and potential of the provinces and territories that do not...

  • September 16, 2022

    India’s economy at 75 : Part - III

    Despite impressive achievements since 1991, India is facing several major challenges. A major problem is absorbing its youth in a productive labour...

  • September 09, 2022

    India’s economy at 75 : Part - II

    India’s success factors may be many but three salient features need emphasis. First, Indian entrepreneurs are dynamic, vibrant and innovative....

  • September 02, 2022

    Disaster and devolution

    The recent devastating floods which have displaced or affected 30 million people, destroyed or damaged a million houses, buildings, structures,...

  • August 26, 2022

    India’s economy at 75: Part - I

    India was considered by its colonial rulers as the brightest jewel in the British crown as it was relatively well-endowed in terms of natural and...

  • August 19, 2022

    Seventy-five years of Pakistan’s economy

    A large majority of Pakistan’s population was born after the country got its independence. The median age today is 23 years and the youth have...

  • August 12, 2022

    Repairing provincial finance

    Most of the discussion and discourse on public finances has remained focused on the federal government and FBR. The analysis of provincial finances...

  • August 05, 2022

    Political disruption, panic behind temporary liquidity crisis

    Importers are keen to pad up their normal demand for Dollars to avert further losses arising from future depreciation.

  • July 29, 2022

    The Sri Lanka paradox [Part – II]

    Sri Lanka recorded a rapid increase in public debt-to-GDP ratio to 119 per cent from 42 per cent over a few years. Access to the international...

  • July 22, 2022

    The Sri Lanka paradox [Part – I]

    Sri Lanka has long been admired by development economists, international financial institutions, and public intellectuals for leading South Asia in...

  • July 15, 2022

    Rebuilding human capital [Part - III]

    Sixth, revamp the higher education system and research institutes where the criteria for allocating public funds would be based on promoting...