Stories about economic

Economic policies: Think short term, stay happy

Weak governments cannot make strong policies. We saw an example of this when Prime Minister Yousaf Raza Gilani gave in to political pressure and reversed the decision to increase petroleum prices – despite the fact that oil prices are soaring in the international market. The move received praise from both, political and business leaders. The Muttahida Qaumi Movement (MQM) rejoined the government while the Pakistan Muslim League-Nawaz (PML-N) also supported the decision – all without any consideration for the long term economic implications of the move. During the episode leaders made a volley of statements that I have done my best ...

Read Full Post

How to end the war in Afghanistan

President Obama has reiterated his goal for the 2014 withdrawal of troops from Afghanistan and at the same time has put pressure on Pakistan to “do more” in his latest review of the situation in Afghanistan and Pakistan. According to the New York Times, Obama, when referring to Pakistan, stated that “progress has not come fast enough,” and the United States (US) would “insist that terrorist safe havens within their borders must be dealt with.” Analysts have argued over whether it is in Pakistan’s interest to undertake an invasion of North Waziristan. However, there is a need for us to analyse ...

Read Full Post