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Dr. Muhammad Shahbaz

Dr. Muhammad Shahbaz

The writer is research fellow at University of Cambrdige, UK and Professor at Biejing Institue of Technlogy China.

Oil prices and Pakistan’s Economy

Pakistan’s political regime changed in April, with Shehbaz Sharif taking over as prime minister after Imran Khan lost a vote of no-confidence. Oil price shocks have raised serious concerns among policymakers around the world because of their adverse impacts on

IMF designed budget

For a nation to progress it must have a clear idea of its longer-term aspirations. Without this clarity, it will neither be able to prepare a coherent roadmap for action nor adopt and implement the policies that would lead towards

Russia-Ukraine crisis and world supply chain

After the dissolution of the Soviet Union (USSR) in 1991, Ukraine and Russia maintained close ties. In 1994, Ukraine agreed to accede to the Treaty on the Non-Proliferation of Nuclear Weapons as a non-nuclear-weapon state. Former Soviet nuclear weapons in

Change of Governor and Current Monitory Policy

When the Covid-19 pandemic hit, countries around the world went into panic mode. Even advanced economies struggled to cope and deal with the virus. Considering Pakistan’s economic track record, citizens had prepared for the worst. And why wouldn’t they? The

Is young Pakistan on right track?

Any study of human development is incomplete without considering demographic transition; a phenomenon likely to have a profound impact on Pakistan’s future, given its young population. Pakistan is considered to be the fifth largest young country in the world. Around

Economic challenges to regime change

In a country overburdened with the historical accumulation of debt, along with a pandemic struck economy, a potential rupture in the government’s capacity to carry out the day-to-day functions of the state doesn’t portend well for the future. There is

Happiness Index and Pakistan

The Happiness Index was first created by Global Happiness Council, a group of independent academic happiness specialists. This group of people has released World Happiness Report (WHR) every year since 2012. It’s an indexation of happiness based on survey results

Political Instability and Pakistan’s Economy

Political instability is the propensity of a government collapse either because of conflicts or rampant competition between various political parties. Also, the occurrence of a government change increases the likelihood of subsequent changes. The economy of Pakistan has been badly

IMF, Oil Prices and Inflation in Pakistan

The year 2022 has got–off to a start which will leave most citizens extremely worried — about where the money for next electricity, gas and petrol bill is to come from – due to the renewed pressure from the International

Ukraine-Russia crisis and oil markets

Anti-communist protests sweep Central and Eastern Europe, starting in Poland and spreading throughout the Soviet bloc. In Ukraine, January 1990 witnessed more than 400,000 people joining hands in a human chain stretching some 400 miles from the western city of

Reality of economic performance

At the turn of the century, Pakistan had the highest GDP per capita when compared with India, Bangladesh, and Vietnam. Twenty years later, it is at the bottom of the group. Political upheaval, a violent insurgency fed by the war

Propagation of Global Normalcy Index

Global Normalcy Index aims to determine which countries are returning to their pre-pandemic levels, and grades each country using eight indicators split into three categories: transport, recreation and commercial activity (including eight indicators; Time not at home, retail, office use,

Corruption and Pakistan’s performance

“Corruption is like a ball of snow, once its set rolling, it must increase”. The Corruption Perceptions Index (CPI) is an index which ranks countries “by their perceived levels of public sector corruption, as determined by expert assessments and opinion

Murree tragedy and govt’s responsibility

On 7 January 2022, a snowstorm occurred in Murree dropping more than 4 feet (1.2 m) of snow, killing 23 tourists who had visited to see the thick snow. Many died as temperatures fell to around negative 8 degrees Celsius

Year 2022 for Pakistan

With the end of 2021, many people are wondering whether the New Year will bring better tidings or more of the same. The Pakistani people, both leaders and citizens, have time and again shown that we are more than capable

Rising poverty crisis

Poverty is about not having enough money to meet basic needs including food, clothing, and shelter. The World Bank Organization describes poverty in this way: “Poverty is Hunger”. These are all costs of being poor. Essentially, poverty refers to lacking

The rising dollar

USD/PKR rate equal to 175.55 at 2021-12-03. Based on future forecasts, a long-term increase is expected, the Forex rate forecast for 2026-11-14 will be 214.249. Widening trade deficit and increasing pressure of funds borrowed from the World Bank, the IMF

Role of digital Pakistan in economic development

Pakistan is known as the land of opportunity which has tremendous and unmatched potentials. While technology-enabled innovation is the major spur to productive growth, rapid advances in technology are enabling new business opportunities. Digital progress is the result of general-purpose

Afghan situation and Pakistan’s economy

Pakistan’s stability has been gravely undermined by the twin blowback from Afghanistan: first the Russian occupation which bequeathed a witches brew of militancy, weapons and drug proliferation and 3 million Afghan refugees; second the unintended consequences of 2001 US intervention

Pakistan’s chronic current account deficit

Current account deficit (CAD) is often associated with the sustainability of foreign debt and in that aspect, it is used as a barometer of economic outlook by investors and policymakers. Pakistan has a long history of running a current account

Industrial Policy of Pakistan

An industrial policy (IP) or industrial strategy of a country is its official strategic effort to encourage the development and growth of all or part of the economy, often focused on all or part of the manufacturing sector. The industrial policy seeks to provide a framework

Problems of Young Pakistan

Pakistan has a large number of youth population. About 193 million youth of Pakistan is facing so many daunting challenges. Currently, 64% of the nation is younger than 30 and 29% of Pakistanis are between 15 and 29 (an age

Problems of farmers

Agriculture is considered the backbone of Pakistan’s economy and accounts for18.9% of the GDP and employs 42.3% of labour force. The sector directly supports three-quarters of the country’s population, employs half the labour force and contributes a large share of

Current Account Deficit

A country’s balance of payments that entails current, capital and financial accounts is the manifestation of flow and direction of transactions between domestic residents and the rest of the world. The current account balance also indicates a nations gap between

Foreign Remittances a shield

In Pakistan, during the last three decades, the current account is showing a continuous deficit. In the 1980s the average current account deficit was 3.9 percent of GDP, in the 1990’s it increased to 4.5 % of GDP and in

Waste Management in Pakistan

Being the sixth most populated country in the world, there is a lot of consumerism in Pakistan and a great deal of waste is produced. Like other developing countries, the waste management sector in Pakistan is plagued by a wide

Fog in Pakistan

The agricultural economy of Pakistan is dependent on several climate-related factors including the weather. Fog as a weather phenomenon plays an important role in our economy. In winter, Punjab, Khyber Pakhtunkhwa and upper Sindh areas between December and February are

Exploring Lake Saiful Malook

Pakistan is blessed with the most beautiful sceneries around the world. There is a worth seeing place known as Kaghan valley with wonderful weather, sceneries, fruits, lakes, rivers, mountains, etc. Lake Saiful Malook is named after a legendary prince of

Pakistan’s Water Economy

Pakistan is an agricultural country and almost 70% of the population is, directly and indirectly, involved with the agricultural sector. Agriculture is known as the backbone of the Pakistani economy. Pakistan holds 79.61 million hectares of total geographical area, while

Exploring Swat

Swat is a valley and an administrative district in the Khyber Pakhtunkhwa Province. Swat valley is famous for its outstanding natural beauty. The capital of Swat is Saidu Sharif, but the main town is Mingora. It was a princely state