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Rubio’s colonial moment in Munich

US secretary of state’s speech effectively gave a quiet green light to modern-day colonisation US Secretary of State Marco Rubio. Photo: File KARACHI: The Munich Security Conference has, over the years, developed an unintended reputation. It is not just a venue where policy is discussed, it is a stage on which great powers occasionally drop … Read more

Debt and taxes haunt economy

[ Fiscal and monetary policies are closely aligned; fiscal discipline leading to fiscal space will reduce the pressure on government borrowing from commercial banks and the State Bank’s propensity to print money. Photo: file BRUSSELS: Debt and taxes are throttling Pakistan’s economy. Pakistan’s never ending fiscal profligacy is the underlying reason why we keep going … Read more

Modi to visit Israel Wednesday

. Indian Prime Minister Narendra Modi accompanied by Israeli Prime Minister Benjamin Netanyahu (R) during a visit to Yad Vashem Holocaust memorial in Jerusalem July 4, 2017.PHOTO: REUTERS JERUSALEM: India’s Prime Minister Narendra Modi will visit Israel on Wednesday, his counterpart Benjamin Netanyahu announced, saying the trip will help forge a new alliance to counter … Read more

Art continues to bridge India, Pakistan amid border tensions

dar e mustafa

In latest venture, Pakistani poet Zaheer Zarf collaborates with Indian singer Salim Merchant on devotional poem KARACHI: Despite recurring political tensions between India and Pakistan, artistic collaborations across the border continue to emerge. The latest example is “Dar-e-Mustafa,” a devotional poem by Balochistan-based Pakistani poet Zaheer Zarf, recorded by Indian composer and singer Salim Merchant. … Read more

FDI no substitute for local investment

[ ISLAMABAD: Pakistan’s policymakers often celebrate every rise in the stock exchange index and every uptick in foreign direct investment (FDI) as a vote of confidence in their economic policies. On the ground, however, no sustainable long-term policy exists beyond firefighting, struggling to secure rollovers of deposits from friendly countries, and obtaining short-term foreign currency … Read more

Global trade after US Supreme Court tariff ruling

[ Despite judiciary restriction, structural changes in global trade by high tariffs are unlikely to be easily reversed ISLAMABAD: The anxiously awaited ruling of the US Supreme Court on Friday striking down the “reciprocal tariffs” represents a significant constitutional and political setback for President Trump. The tariffs, imposed under the Emergency Powers Act, had been … Read more

Buying the attractive dip at PSX

[ Markets do not move in straight lines; bourse has faced multiple 7-15% consolidations even within strong bull cycles KARACHI: The KSE-100, after touching euphoric highs, witnessed one of its sharpest single-day declines in recent history. Anxiety returned to trading floors. New investors panicked. Analysts rushed to identify the “reason” behind the correction. The easiest … Read more