The State Bank of Pakistan Autonomy: Myths & Facts
Every economist is a human being and just like all human beings, some are pessimistic and some are optimistic.
Every economist is a human being and just like all human beings, some are pessimistic and some are optimistic.
How the top banks in the world launder $2 Trillion Dollars a year and get away cost free while the countries like Pakistan are bullied and punished hypocritically. Imagine standing in the court while the judge announces a punishment to a gun that killed a person and lets the shooter walk away free.
Afghanistan was taken over by The Mujahideen. Not a single bullet fired. No civil war. No resistance. No forceful closure of girls’ schools.
A friend of mine in Karachi, whose son is just 14 years old and loves to cook, or is learning to love to cook rather, asked me about the economy of Pakistan.
Imagine you are living in a 67 year old house and everybody around you keeps telling you that your house is not that great because it lacks this or it lacks that and suddenly some old man comes in to your house and tells you that there is a treasure buried in your backyard.
Writing about the temporary ills of our economy and its causes and solutions for years, I wanted to deliver a speech looking back at the root cause of the disease gripping our economy since 72 years.
Hundred start up events a year. Thousands of young energetic and innovative founders running from pillar to post to raise funds. Incubators renting spaces or running on foreign funding.
WHAT WOULD THE WORLD LOOK LIKE AFTER CORONAVIRUS ECONOMICALLY, POLITICALLY AND SOCIALLY?
The Organization of Economic Cooperation And Development, OECD, published an eighteen page report predicting doom and gloom for the global economy based on the ongoing concerns of the Corona virus.
The more a currency is accepted around the world, the quicker it is adaptable by the people for their use. But it also has to be a fairly stable currency in order for it to get wide acceptance.