Muhammad Yamin

Muhammad Yamin

The author is a management consultant based in Toronto. He has a keen interest in international business, social enterprise development and application technology trends. He tweets @myamin325 twitter.com/myamin325

Demonetisation: How Pakistan can avoid making the same mistakes as India

On November 8, 2016, while the rest of the world was watching the American election results, India dropped a bomb shell on its citizens. The wily Mr Modi (dressed in his favourite kurta shalwaar) announced that the Indian government would pull out all Rs500 and Rs1000 from circulation at midnight. This would be akin to 86% of the total economy – some Rs14 trillion in cash would be rendered useless. Mr Modi implored to the nation that even though it seemed as if he had ripped a bandage off here, India would benefit in the long run. The impetus for ...

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