One of the perennial features of the economy of Pakistan has been the duet of the trade and fiscal deficits. In addition to the economic factors behind these lacunae, there…

Located at the heart of Northern Eurasia, the Eurasian Economic Union (EAEU) is a Russian-led economic bloc of five countries, which includes Russia, Belarus, Armenia, Kyrgyzstan and Kazakhstan, as member…

Warfare requires a lot of monetary expenditure, it has a direct relationship with money, and brings about positive trends in the economic graphs. Military spending in various sectors leads to…

The current industrial development is dubbed as Industry 4.0 or 4th Industrial Revolution. Starting with steam and water power (First Industrial Revolution), we have moved on to a digital revolution…

Ray Dalio, the founder of Bridgewater Associates once claimed, “A bad year in China is going to be a great year in any other country”. Though the statement itself is…

Zheng He, an eminent 15th century Chinese explorer, set foot on the northern coasts of Kenya a long time before Columbus discovered the United States. There are records of trade…

Fiscal prudence, an ever pertinent concept in economics, becomes even more paramount when used for the government budgeting. However, the fiscal prudence in general is mostly trumped by populism, especially…

Executive Summary Saudi Arabia has a highly oil-dependent economy with trembling growth rates since last few years. It is finding a way to spur a recovery. Vision 2030 has been…

It was in May 2017 that the Pakistani Prime Minister Mr. Nawaz Sharif attended the Beijing conference on the One Belt One Road (OBOR) initiative. Beijing aims to implement its…

Study of political arrangements of countries across the globe reveals that most of the central governments generate more revenues than regional/provincial governments. This disparity calls for establishment of revenue distribution…