As the Russian invasion of Ukraine continues, it is becoming clear that a lot more is at stake than just the future of Ukraine. Big shifts in global order are set to follow because Russian bad behavior is triggering a reorganization of global energy supplies. Russia is the second most important exporter of oil to […] Continue reading
China is fast losing its patience over Pakistan’s lackadaisical attitude to finish projects under the China Pakistan Economic Corridor (CPEC), which was ‘officially’ launched in 2015. According to the recent CPEC Authority report, Pakistan could complete only three CPEC projects in Gwadar, Balochistan – which is the focal point of CPEC – having value of […] Continue reading
Sars-CoV-2 appeared for the first time in Wuhan located in Hubei province of China. Gradually the world witnessed rapid spread of virus to many countries engendering the death of millions . Vaccines were developed and several quarantine measures adopted to contain the deadliest pandemic. Now it’s the year 2022 where the world is going back […] Continue reading
Well meaning incentive systems devised by international community for the socio-economic upliftment of developing countries may also end up as a tool in the hands of exploitative classes in these societies. Pakistan’s performance under the Generalised Scheme of Preferences Plus (GSP+) scheme of the European Union (EU) is an interesting case in point where even […] Continue reading
China plans to change the mandatory retirement age of its citizens, as part of efforts to alleviate its pension fund crisis that has worsened in recent years due to an increase in the country’s ageing population. On 21 February, China’s State Council announced that it would implement a gradual delay in the legal retirement age, […] Continue reading
Mining is recognised in Zimbabwe as a key sector for attaining National Development Strategy 1 (NSDI) goals. But indiscriminate mining has become a matter of concern in the country. China’s engagement with Zimbabwe in the mineral sector is very high and it has secured direct equity interests in copper, coal and manganese reserves. But local […] Continue reading
It was not so long ago that global financial markets were hailed as the bringers of democracy. Yet between that time and now, a couple of crises showed that financial markets not only do not necessarily bring democracy to nations, but also sometimes jeopardise the stability of their economies. Democratisation of finance was at the […] Continue reading
For decades, first world countries have been engaged in the race to reduce taxation on higher incomes, businesses and capital: to give an example, between 1980 and 2020 the global average corporate tax rate dropped from 46% to 26%. This trend has deep roots. The so-called “trickle down” policy has long been dominant among policy […] Continue reading
With the European Union (EU) delegation’s proposed visit to Islamabad this month for biennial review of its Generalized Schemes of Preference (GSP) Plus status drawing nearer, Pakistan’s worries are increasing. While its own efforts for progress in compliance are slow and inadequate, it would also need to comply with 27 UN Conventions to the full […] Continue reading
Pakistan’s reputed news daily Dawn called 2021 another energy- expensive year thanks to an exorbitant hike in the prices of gas, electricity, and fuel required to generate power. The country has been facing an unprecedented energy crisis. The frequent and long energy shortages are creating difficulties for common households as well as are hampering industrial […] Continue reading