October 2024

What kind of Economist are you?

"What kind of economist are you?" becomes increasingly relevant as one progresses through their economics education. While it may seem trivial early on, it ultimately serves as a way to reflect on one's specialization and interests in the field.

2024 SCO Summit in Pakistan: Where Diplomacy Meets Action for a Secure and Sustainable Future

The 2024 SCO Summit in Islamabad marked a turning point for Global South empowerment, focusing on sustainable economic growth, digital innovation, and climate action. Key initiatives include the creation of financial institutions, digital economy cooperation, and youth leadership programs. By fostering international collaboration, the summit paves the way for a future of resilience, inclusivity, and opportunity for the region's next generation.

Echoes of a shattered soul

The way one ends up getting triggered by a memory of past

Of the memories full of warmth, of the moments that didn't last

Nonchalant yet terrified of my image that my shadow casts

My Experience in KIPS College

College life at KIPS Johar Town was filled with academic focus, supportive friendships, and valuable learning experiences. Despite challenges like poor management and enforced note purchases, the bonds formed with friends and teachers made the journey worthwhile. Balancing studies with occasional activities, this period was a mix of growth and fun.

"2023 China's Outward Direct Investment Statistical Communiqué": Implications for Pakistan and CPEC

China's 2023 Outward Direct Investment (ODI) reached $177.29 billion, marking an 8.7% growth, with investments spread across 189 countries, notably increasing in Asia and Africa. The Belt and Road Initiative (BRI) saw significant growth, particularly in construction and IT sectors. Pakistan, as a key partner in BRI, must address challenges to attract further Chinese investment by improving infrastructure, security, and economic stability under CPEC.

Pakistani Political Experiments: A Comedy of Errors

How did a state that was established as a result of political struggle, fall prey to political instability? Where did the Pakistani nation go wrong in choosing their political leaders? Who is at fault, the leaders or the nation?

Jamaluddin Afghani - The Pioneer of Muslim Renaissance

Introduction The twentieth century witnessed a widespread Islamic revival, with independent Muslim states emerging and liberation movements taking root across the world. At the forefront of this revival was Syed Jamaluddin Afghani, a key figure who awakened the Muslim world from a long period of cultural lethargy and political subjugation. His relentless efforts played a significant role in laying the foundation for the liberation of Muslim nations, even though he did not live to see its full fruition.

Comprehensive Analysis of Pakistan's Economic State and the FY25 Federal Budget

The FY25 budget and economic outlook for Pakistan are characterized by ambitious targets and significant risks. While the government aims to stabilize the economy through increased revenues and controlled spending, the underlying assumptions are highly optimistic. Achieving these targets will require effective implementation of policy measures, structural reforms, and continued support from international financial institutions like the IMF. Without these, the country may face further economic distress, social instability, and erosion of investor confidence. The need for a new fiscal pact with provincial governments and a comprehensive strategy to address the structural challenges in the economy is more critical than ever.

"From Utopia to Disillusionment: The Real Cost of Capitalist Progress"

A chasm between precept and practice can exist only because of two reasons: either those entrusted with the execution of the policy are insincere, or the policy is not worth the paper it is written on. It is utopia and imaginary and has no relevance to the facts of life. Its diagnosis is faulty, and its prescription wanting.

Pakistan’ economic crisis, the IMF, and the neoliberal economic order

On 1st July 2024, Pakistan secured a new 37-month, $7 billion loan deal with the International Monetary Fund. This Pakistan’s 23rd bailout in 75 years. Pakistan ranks fifth in outstanding debt with the IMF, standing at $7.4 billion, following Argentina, Egypt, Ukraine, and Ecuador. Pakistan has been one of the nine prolonged users of the IMF resources.

Subscribe to October 2024