It is ironic that financial mandarins today hold exactly that region in debt where their ascendancy first began.

If reserves continue to decline, government may find itself caught between populist demands and displeasure of army.

Rate cuts are indeed part of government’s political agenda — lower debt service expenses, free up money for subsidies.

Protests, media coverage tends to churn summits, payments up a notch or 2; nonsense in fast forward is still nonsense.

Pakistan’s power plants consume Rs1 billion worth of furnace oil every day.

We denied importance of tax, power sector reforms for two decades, and now all will come back to bite us in the rear.

Watch prime time hours of major news channels — they’re evolving back to their roots as hybrid of news, entertainment.

Our national debt levels soared as fiscal facts refused to adjust to reality created by bursting of liquidity bubble.

In Pakistan, for instance, the opponents of reform have a villain, and it’s name is ‘corruption.’

Today, China is telling the US that the time has come for America to heed its own advice.