Stories from RIZWAN RAWJI
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Trade, economic partnership agreements fuel growth
Regional land route holds key to diversifying Pakistan's trade, unlocking Central Asian markets
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IMF modus operandi in client states
Lender's funding is sophisticated way to subjugate Global South through loan addiction
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Laffer curve: when higher taxes lower revenue
From Ibn Khaldun to modern economists; larger tax net and lower taxes can fuel growth
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Tax trap and top 1% income earners
People do not work to pay taxes; they work to earn after-tax income
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Policymaking: the wrong choices
Pakistan needs policies like tax rationalisation, free trade and sound money
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Economic stabilisation vs high growth
If Pakistan follows stabilisation path, it is most unlikely it will be last IMF programme
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Austerity can't cure economy, only economic growth can
Unless Pakistan adopts sustainable growth agenda, it will continue to see vicious cycle
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A supply-side view of trade deficits
Distinguishing between capital-driven, consumption-driven trade deficits is key
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Why devaluations of currency do not work
Devaluing country may not see any change in real output but will experience rise in inflation
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Destroying trade gains through protectionism
Protective tariffs hurt traders, consumers, producers as well as economic growth