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Our Columnist
Dr Kamal Monnoo

Dr Kamal Monnoo


Relations with India

By: Dr Kamal Monnoo | May 22, 2013

Even before the new government assumes office, a great deal is already being said on bilateral relations going forward between Pakistan and India, and how normalising relations and liberalising trade ...

Industrial revival

By: Dr Kamal Monnoo | May 15, 2013

The elections have successfully taken place, the euphoria will soon be over and before the new government realizes it will be time to start delivering on its election time economic manifesto. Budget ...

The turnaround

By: Dr Kamal Monnoo | May 01, 2013

Elections are around the corner and the Pakistani public is desperately hoping that the next government will somehow improve both, its standard of living and the environment it lives in - a ...

Limited mandate!

By: Dr Kamal Monnoo | April 24, 2013

The environmental scientists seem to have gone back in time in a way that they have rekindled a discussion, till recently considered as closed and shut, on how to measure and interpret ...

Leaderless economy

By: Dr Kamal Monnoo | April 17, 2013

Economy, perhaps the main challenge being faced by Pakistan, continues to be managed without a Finance Minister. In fact, I was a bit amazed by the recent advice given to the Caretaker Prime Minister ...

Power tariff hike!

By: Dr Kamal Monnoo | April 10, 2013

In this new era of economic trade-offs or ‘imperfect solutions’ (as some economists are calling it), the policy choice on which way to tilt, or to opt for a combination of policy choices ...

Economic manifestos!

By: Dr Kamal Monnoo | March 27, 2013

Last week, I was passed over yet another (fourth so far) ‘Political Party Economic Manifesto’; this time of Pakistan Muslim League (Nawaz), or the PML-N, titled “National Agenda for ...

Textile - Pakistan vs. India

By: Dr Kamal Monnoo | March 20, 2013

As Pakistan moves forward to further liberalise trade with India (a positive move), one comes across this quiet kind of confidence in the Pakistani textile sector about its ability to compete ...

Learning from the ‘minnows’

By: Dr Kamal Monnoo | March 13, 2013

“You need to pay for every word you speak.” – A Chinese saying attributed to Confucius.And it was time to pay for ours! All the drawing room talk and social sermonising on how we ...

Industrial revival

By: Dr Kamal Monnoo | February 27, 2013

There is much talk about making capitalism more ‘moral’, ‘fair’ or ‘responsible’. But restraining the power of value extraction requires a theory of value - an ...

Growth and fiscal space

By: Dr Kamal Monnoo | February 06, 2013

Following the sustained slowdown in the global economy since the financial crisis of 2007-08, growth has fallen across the board, including in China, India and, of course, at home in Pakistan. It was ...

Time for introspection

By: Dr Kamal Monnoo | January 30, 2013

Pakistan has now nearly had a haul of half decade with a GDP growth rate of below 5 percent. During the year ended June 30, 2012, Pakistan grew less than 4 percent and now in the second half of this ...

Dependence on remittances

By: Dr Kamal Monnoo | January 16, 2013

While the slowdown of capital inflows, especially foreign direct investment (FDI), into Pakistan’s economy has triggered serious concerns of late, there is, on the other hand, another inflow ...

Chinese structural reforms

By: Dr Kamal Monnoo | January 09, 2013

With the global economy still not quite back on the recovery track and the rather dodgy (on-again - off-again) US economic recovery data coming out over the last three quarters, the once-in-a-decade ...

Finding ways to growth

By: Dr Kamal Monnoo | January 02, 2013

A 2012 study of 22 nations by Prof Miles Corak for the Organization for Economic Cooperation and Development (OECD) has found income heritability (likelihood of success being inherited rather than ...

Facilitating SME lending

By: Dr Kamal Monnoo | December 19, 2012

The questions may be deceptively simple. You may be asked to feed in a ‘yes’ or ‘no’ on the computer question like: do you enjoy going to parties? How many numbers can you ...

Bao Forum moot at Mumbai

By: Dr Kamal Monnoo | December 12, 2012

I am returning to Mumbai after a gap of nearly two decades and as I make my way in a government monitored pre-paid taxi (a no-nonsense commuting facility both for locals and foreigners and a service ...

Can renminbi challenge the dollar?

By: Dr Kamal Monnoo | November 21, 2012

Amidst a growing trend of currency swaps between countries and especially amongst large trading partners, the rise of renminbi as an international currency is looked up with an almost breathless ...

BRICS - an analysis!

By: Dr Kamal Monnoo | November 14, 2012

Some optimistically view the BRICS as an opportunity to resurrect the present mode of globalisation with minor tactical reforms. However, for the BRICS to be an agent of change, it is imperative that ...

Judiciary and the executive

By: Dr Kamal Monnoo | October 31, 2012

Both the enormous challenges facing Pakistan’s economy and our rather dismal economic governance over the last four and half years are redefining the relationship between national institutions ...

Contradictions facing Pakistan!

By: Dr Kamal Monnoo | October 24, 2012

The shrine of the revered saint, Hazrat Data Ganj Bakhsh, may now be located in one of the busiest part of Lahore, but it is still a holy shrine providing (on a 24/7 basis) food, shelter, ...

Confronting the crisis

By: Dr Kamal Monnoo | October 17, 2012

The European and the US financial crisis and the subsequent debt crisis, have had a huge impact on the world economy and the financial markets. Being an important part of the overall global economy, ...

Brazil-Pakistan relations

By: Dr Kamal Monnoo | October 10, 2012

Brazil and Pakistan share quite a few commonalities. Both have large populations; Brazil being sixth and Pakistan seventh largest country in terms of population. Given active recent efforts on the ...

No reinventing the wheel - II!

By: Dr Kamal Monnoo | September 19, 2012

Last week, we discussed how Pakistan has important lessons to learn from the examples of Brazil, India, Vietnam, China, and other economic successes within the last two decades; and why our best ...

No reinventing the wheel!

By: Dr Kamal Monnoo | September 12, 2012

As elections approach and mainstream political parties put forward their recipes to resurrect a struggling Pakistani economy, it is important for the academics and the people to be asking them some ...

Public sector enterprises

By: Dr Kamal Monnoo | September 05, 2012

Public Sector Enterprises (PSE) are a serious concern in Pakistan, as the national exchequer has to provide Pak Rs 245 to 300 billion (the real figure is still anyone’s guess) every year to ...

Regional trade post-January 2013

By: Dr Kamal Monnoo | August 08, 2012

With Pakistani exports already hitting a negative trend, it is very important for the economic managers to start focusing and strategising now on the new trade ties that will be evolving within our ...

About vision and illusion!

By: Dr Kamal Monnoo | August 01, 2012

The Pakistani business environment seems to be going through a kind of paralysis, which is not just making the investors (both domestic and foreign) shy away, but more dangerously, it is emanating ...

Economic management!

By: Dr Kamal Monnoo | July 25, 2012

Rightly or wrongly, we in Pakistan believe that economic successes and failures at all levels of the economy, public sector, private sector, large corporate business, small and medium-size ...

Pakistan’s growth paradigm

By: Dr Kamal Monnoo | July 18, 2012

In 2011-12, a broad consensus on Pakistan’s growth prospects broke down. The latest economic survey once again expects the Pakistani growth to be much less than its regional neighbours, that ...

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