Syed Asad Ali Shah
Syed Asad Ali Shah

  • November 18, 2025

    Economic fallout

    The representational image of a judge's gavel. — APP FilePakistan stands today at a moment where questions of power, law and governance are no...

  • November 18, 2025

    Economic fallout

    The representational image of a judge's gavel. — APP FilePakistan stands today at a moment where questions of power, law and governance are no...

  • November 12, 2025

    Pakistan’s growth model is broken

    The representational image shows a yellow sticky note with the words "TAX TIME" written on it, placed on a laptop keyboard. — Unsplash/FileOne...

  • November 12, 2025

    Pakistan’s growth model is broken

    The representational image shows a yellow sticky note with the words "TAX TIME" written on it, placed on a laptop keyboard. — Unsplash/FileOne...

  • October 27, 2025

    Auditing the auditors?

    In two previous articles I wrote on accountability and the Public Accounts Committees for these pages, I had discussed the critical need for...

  • October 27, 2025

    Auditing the auditors?

    Office of auditor general, country’s supreme audit institution, continues to function largely as it did under British rule

  • October 16, 2025

    Federalism at risk — Part - II

    A representational image of a table where coins and cubes with tax letters written on them are placed on the papers. — Pexels/File As I noted in...

  • October 16, 2025

    Federalism at risk — Part - II

    A representational image of a table where coins and cubes with tax letters written on them are placed on the papers. — Pexels/File As I noted in...

  • October 09, 2025

    Federalism at risk ( Part – I)

    A person can be seen holding Pakistani currency notes in his hands. — AFP/FileThis is Part I of a two-part article. Here I trace the historical...

  • October 09, 2025

    Federalism at risk ( Part – I)

    A person can be seen holding Pakistani currency notes in his hands. — AFP/FileThis is Part I of a two-part article. Here I trace the historical...

  • September 18, 2025

    Why we need to shift from survival to scale

    Workers work on a production line at a factory in Suqian, Jiangsu Province, China April 9, 2025. —ReutersThis article links directly to my...

  • September 18, 2025

    Why we need to shift from survival to scale

    Workers work on a production line at a factory in Suqian, Jiangsu Province, China April 9, 2025. —ReutersThis article links directly to my...

  • September 11, 2025

    The real contest of growth

    People visit a book store in Shenzhen, China's southern Guangdong province on July 21, 2025. — AFPChina’s modern rise began with Deng...

  • September 11, 2025

    The real contest of growth

    People visit a book store in Shenzhen, China's southern Guangdong province on July 21, 2025. — AFPChina’s modern rise began with Deng...

  • August 24, 2025

    Breaking free from ‘normal’

    Amazon founder Jeff Bezos in this undated photo.—AFP/FileIn his final letter to Amazon shareholders, Jeff Bezos shared a remarkable passage from...

  • August 24, 2025

    Breaking free from ‘normal’

    Amazon founder Jeff Bezos in this undated photo.—AFP/FileIn his final letter to Amazon shareholders, Jeff Bezos shared a remarkable passage from...

  • July 29, 2025

    Reform or relapse

    An employee counts Pakistani rupee notes at a bank in Peshawar, on August 22, 2023. — ReutersPakistan has posted a $2.1 billion current account...

  • July 29, 2025

    Reform or relapse

    An employee counts Pakistani rupee notes at a bank in Peshawar, on August 22, 2023. — ReutersPakistan has posted a $2.1 billion current account...

  • July 06, 2025

    Rethink, innovate, export

    Representational image of people buy pulses and grains at a wholesale market. — AFP/File Pakistan’s economic trajectory remains...

  • July 06, 2025

    Rethink, innovate, export

    Representational image of people buy pulses and grains at a wholesale market. — AFP/File Pakistan’s economic trajectory remains...

  • July 06, 2025

    Rethink, innovate, export

    Representational image of people buy pulses and grains at a wholesale market. — AFP/File Pakistan’s economic trajectory remains stifled by...

  • June 19, 2025

    Taxation to stagnation

    Macro-stability is hollow if it results in closure of factories, shrinking incomes and citizens who doubt state’s capacity to deliver

  • June 02, 2025

    Fixing the budget oversight

    At same time, appropriate PFM Act amendments could hard-wire accountability without spawning another entity

  • May 15, 2025

    Unpacking governance dysfunction

    Discipline, meritocracy and strategic planning applied in security realm remain largely absent in civilian institutions

  • May 08, 2025

    Unpacking governance dysfunction (Part - I)

    Rule of law, the system’s foundation, is buckling, more than 2.4 million cases choke the courts

  • April 17, 2025

    Trump’s tariff chaos

    China’s countermeasures reaffirm its unwillingness to yield, deepening fears of global instability

  • April 11, 2025

    Digital deadlock

    Negligible contribution of e-commerce underscores persistent reluctance towards digital adoption

  • March 31, 2025

    Islamic banking dilemmas

    This demand has fueled rapid growth deposit base of Islamic Banks and Islamic Windows operated by conventional banks

  • March 12, 2025

    Can Pakistan live beyond bailouts?

    However, low tax collection and narrow tax base remain unresolved issues

  • January 30, 2025

    How to green Karachi

    Pakistan’s forest coverage is 4.8%, and Sindh lags at 2.5%, which includes mangroves and riverine forests

  • January 24, 2025

    Governing higher education

    Pakistani Higher Education Institutions have not produced single Nobel Laureate or unicorn company

  • January 18, 2025

    The fantasy of Uraan Pakistan

    Uraan Pakistan rests on the 5Es framework: Exports, E-Pakistan, Environment, Energy, and Equity

  • January 08, 2025

    The power of crazy dreams

    America’s economic and technological prowess is rooted in its willingness to embrace risk, foster innovation, and dream big

  • December 28, 2024

    Making 2024 count economically

    After years of economic turmoil, Pakistan’s stabilisation efforts began yielding tangible results

  • December 05, 2024

    How the ADR tax distorts the financial sector

    Unsurprisingly, banks are taking measures to modify their balance sheets to avoid this hugely punitive tax

  • November 21, 2024

    Reimagining education

    Imagine a classroom where students are encouraged to question, and think deeply

  • October 13, 2024

    Why financial markets matter

    An investor can be seen looking at the digital stock board at the Pakistan Stock Exchange. — AFP/FileA well-developed financial system comprising...

  • September 24, 2024

    A deepening productivity crisis

    Pakistan has seen minimal improvement, languishing in a state of economic stagnation

  • August 20, 2024

    Borrowing from Thatcher’s playbook

    It was in this environment that Margaret Thatcher rose to power in 1979, becoming UK first female PM

  • June 11, 2024

    Budget 2024-25: managing the deficit

    Ronald Reagan once said, “There are simple answers to our nation’s problems but not easy ones”

  • February 21, 2024

    Reinventing basic education

    20 million children out of school representing 40% of school-going age group

  • January 06, 2024

    We need leaders of the future

    These are not mere advisers; they are architects of new era, unafraid to question, challenge, and dismantle outdated structures

  • October 21, 2023

    When good is bad

    When good is bad. The News/FileIn recent years, Pakistani banks have been posting exceptional profits, while the rest of the economy has been...

  • August 24, 2023

    PFM Act: a missed opportunity

    The writer is a former managing partner of a leading professional services firm and has done extensive work on governance in the public and private...

  • June 14, 2023

    Budget 2023-24: an astonishing read

    Pakistan is currently facing the most challenging conditions in history, with a severe economic crisis compounded by political uncertainty. The...

  • April 19, 2023

    Through creative destruction: Part - III

    This is in continuation of the three articles in which I had discussed Pakistan’s critical need for debt restructuring and transformational...

  • March 23, 2023

    Through creative destruction: Part - II

    Previously I discussed why Pakistan needs to break the IMF cycle of bailout programmes through debt restructuring and transformational reforms. I...

  • March 06, 2023

    Through creative destruction: Part - I

    Continuing from my last article in these pages , the tragedy of Pakistan is that it is poor despite being rich in natural resources. It is a land of...

  • February 22, 2023

    Breaking the IMF cycle

    Pakistan has struggled with chronic economic problems and a balance of payments crisis since independence. Its history of such crises and dependence...