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Economy

Energy has become spinal cord of economy:Puri

Union minister for petroleum and natural gas Hardeep Singh Puri on Friday said Energy has become the spinal cord for economic growth and development, and India is poised to lead the global hydrogen energy production and export.

Europe in decline?

The Nobel Prize winning Columbia University economist Edward Phelps maintains that innovation is the key to economic growth, prosperity and human happiness.

Pakistan’s culture of exemptions

With successive civilian and military governments living beyond their means, unwilling to mobilise domestic resources and averse to economic reform, that fact alone contributed to miring Pakistan in perpetual financial crisis, with virtually every government in the past five decades leaving the economy in much worse shape for its successors to manage.

Rule of the rich in Pakistan 

Global credit rating agencies have just downgraded Pakistan to CCC-. Inflation is projected at 33 per cent through the first half of the fiscal year. Neither the government nor the IMF concerns itself with publishing unemployment figures these days