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Pakistan has a long history of a mixed economic system, starting with laissez-faire and the all-out nationalisation of industries and businesses and...

Pakistan has a long history of a mixed economic system, starting with laissez-faire and the all-out nationalisation of industries and businesses and ending up with experiencing privatisation.

Growing concerns about hidden debt and widening default among Chinese developers are pressuring the market with the Hang Seng Index trading near a one-year low.

S Asia must reform debt-accumulating banks, enterprises to avert financial crisis July 12, 2021 South Asia’s heavy reliance on state-owned commercial banks, state-owned enterprises, public-private partnerships and other national and sub-national public entities conceals its vulnerability to accumulating unsustainable levels of debt. According to a recent World Bank report, ‘Hidden Debt: Solutions to Avert the Next Financial Crisis in South Asia,’ South Asia is more exposed to the risk of “hidden debt” from state-owned commercial banks (SOCBs), state-owned enterprises (SOEs) and publ...

Pakistan’s stubborn legacy continues to cast a dark shadow on a wide range of national issues, making needed strategic policy changes problematic in a situation made more complex by the nation rarely so divided. The security establishment is concerned that ‘strategic challenges and related policy shifts in external relations could have repercussions for the country’. The concerns about fallout of the escalating civil war in Afghanistan including feared influx of refugees and the brewing unease in Pakistan-US ties owing to rising tensions in US and China relations are rising. The �...