Articles by Zafar Masud
PAKISTAN’S history is not without genuine ‘structural reforms’. But the term has become a cliché; it earns its meaning against one parameter — ‘productivity’. At different moments, under ...
THE fiscal year that just ended has brought real GDP growth of 3.7 per cent — the fastest in four years. Yet ask the median household and the answer will not match the national accounts. Both are te...
PAKISTAN’S economic debate is trapped in a distracting quarrel — whether banks lend too much to government and too little to enterprise. Allocation matters, but it is not the binding constraint. O...
THERE is a comforting story we tell ourselves about exports — that the rupee is the lever, and the zealots suggest that if only it were allowed to fall far enough, our factories would roar back to a...
ASK any banker in the country to name the single largest untapped commercial opportunity on their balance sheet, and the honest answer will not include corporates, nor consumers, not even mortgages. I...
PAKISTAN’S investment story has rarely had a more promising tailwind. The macroeconomic stabilisation under the 37-month Extended Fund Facility (EFF), supplemented by the Resilience and Sustainabili...
