2012

JWT’s August issue focuses on Independence and the Youth of Pakistan; for both the Independence day of Pakistan, and the World Youth Day happen to fall in this month. This article has been written in the perspective of the generation gap that has taken place over recent years among the Pakistanis. These lines suggest as to how we can bridge …

For a country whose founder defined democracy as ‘the complete equality of men’ the laws like ‘the Contempt of Court Bill, 2012’ are not less than a shame; rather contemptuous for a people who feel proud to be Pakistani and aspire for a dignified life in their dreamland, that is, Pakistan! If Pakistan were to look into a mirror today …

The revenue raised by printing money is called seigniorage. Whenever government relies on seigniorage for financing its expenditure, the money supply goes up. Consequently, a rise in inflation is also witnessed. Raising revenue by printing more money is just like imposing an inflation tax. It is a tax in the sense that, for the holders of money, inflation decreases the …

Jahangir’s World Times: What is the major economic crisis in Pakistan and how economy of Pakistan can be revived? Sartaj Aziz: Well, Pakistan is facing not just one crisis but a series of multidimensional economic crises mutually reinforcing each other.  Most severe of these is the fiscal crisis. In the past five years since 2007-08, our fiscal deficit has 6.5 …

It is the independence month. As a nation, if at one end we have been suffering from some big blows like the dictatorship and its off-shoots, at the other end we have been, every now and then, having reasons to smile as nation. Our people valiantly worked in the field of education, health, technology, social work and sports. Who can …

The anti-American sentiments in Pakistan notwithstanding,Pakistan has to be a part of the solution in Afghanistan. “It is the economy, stupid” is a slight variation of the phrase which James Carville had coined as a campaign strategist of Bill Clinton’s successful 1992 presidential campaign against sitting president George Bush. The same strategy has been followed by Finance Minister Hafeez Sheikh …

Globally Connected, Locally Engaged The world is often discussed as a ‘Global Village’ in many contemporary talks and theories, but still the territories are considered divine and non-shareable asset and international borders are taken as the dead end for people, cultures are seen ethnocentrically and the geographical divide imprints its marks on the hearts of people.  British Council is a …

‘Youth is the joy, the little bird that has broken out of the eggs and is eagerly waiting to spread out its wings in the open sky of freedom and hope.’ ‘These famous words from James M. Barrie, a renowned Scottish dramatist and novelist reveal that the ardent and passionate youth is the force which has the power to change …

The locus of change in Egypt was Tahrir square which has now become a symbol of change all over the world Famous American scholar, Samuel P. Huntington, writes in his famous celebrated book Clash of Civilizations that whenever there is a youth bulge in a country, it experiences political turmoil or instability. The recent Arab Spring is a manifestation of …

Presently, most of the developing economies, including Pakistan, are facing this mighty challenge of brain drain. Being a developing country, population growth rate of Pakistan is relatively higher, i.e. 1.6% as per the estimates of 2011, as compared to the developed countries’ or world average. Resultantly, large number of growing population exists, i.e. around 35% of the total population. Growing …