A seven-decade mess in taxation

In 1215, a group of barons and wealthy urbanites made King John of England sign the Magna Carta, a document that gave birth to the idea of modern parliamentary democracy. At its…

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Why the mini-budgets will not work

The saddest thing about watching Finance Minister Ishaq Dar on television is that he actually thinks he is in charge. The confident smile, the coy answers to reporters’ questions, even his proclivity…

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A cash flow problem

It must be a hard job being prime minister of Pakistan. When he assumed office, Prime Minister Nawaz Sharif, like virtually all of his predecessors, was bombarded by a whole army of…

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Can Hubco truly convert to a growth stock?

Has Pakistan’s most consistent dividend-paying stock converted itself into a growth stock or is Hubco just going through some mid-life jitters born of a change in management? Investors in the Hub Power…

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The FESCO experiment

I am still not entirely sure if Prime Minister Nawaz Sharif has the guts to pull the trigger on the privatisation of the Faisalabad Electric Supply Company (Fesco), but if he does,…

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Punjab’s energy problem

There is almost no solution to Punjab’s energy problem which does not depend on Sindh Chief Minister Qaim Ali Shah being driven out of office and being replaced by somebody who is…

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