Yousuf Nazar

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Articles

A crisis of economics

Nov 24, 2024 | dawn.com | Yousuf Nazar |Abbas Nasir

One of the primary criticisms of International Monetary Fund (IMF) stabilisation programmes is the imposition of stringent conditionality, often characterised by austerity measures. According to the IMF’s own research, such measures can lead to short-term economic contraction and social unrest. A 2015 paper titled “The Role of Fiscal Policy in the Post-Crisis Economic Recovery” suggests that austerity can deepen recessions, as public spending cuts reduce demand and hinder growth.
The IMF's failed prescription

Nov 14, 2024 | geo.tv | Yousuf Nazar

In September 2024, the International Monetary Fund (IMF) approved a $7 billion bailout package for Pakistan. Yet just four months ahead of the schedule, a surprise IMF mission arrived in Islamabad on November 11 to assess Pakistan’s performance under the agreement. The early visit has raised questions about the IMF’s strategy, especially considering the improvement in key macro indicators.
The IMF’s failed prescription

Nov 14, 2024 | thenews.com.pk | Yousuf Nazar

In September 2024, the International Monetary Fund (IMF) approved a $7 billion bailout package for Pakistan. Yet just four months ahead of the schedule, a surprise IMF mission arrived in Islamabad on November 11 to assess Pakistan’s performance under the agreement. The early visit has raised questions about the IMF’s strategy, especially considering the improvement in key macro indicators.
Trump’s 2024 Victory: Resurgent Populism In A Polarised World

Nov 7, 2024 | thefridaytimes.com | Yousuf Nazar

In a stunning political comeback, Donald Trump has won the 2024 US presidential elections, defying polls and pundits alike - again. His victory — marking the first time in two decades that a Republican has won the popular vote by a significant margin — underscores a rising populist movement and a deeply polarised nation. This election wasn't just a referendum on Trump's leadership; it was a broader rejection of the Washington establishment, particularly the Democrats.
Trump's Populism And Neo-Isolationism In A Polarised World

Nov 7, 2024 | thefridaytimes.com | Yousuf Nazar

In a stunning political comeback, Donald Trump has won the 2024 US presidential election, defying polls and pundits alike. His victory marks the first time in two decades that a Republican has won the popular vote by a significant margin. This is more than a personal triumph for Trump; it underscores the resurgence of populism and the deepening political polarisation within the nation.
Judicialization Of Politics Will Exacerbate Pakistan’s Existential Crises

Nov 4, 2024 | stratheia.com | Yousuf Nazar

A controversy erupted recently following Justice Mansoor Ali Shah’s release of a strongly worded letter to the media, explaining his reasons for not attending the full-court reference held to honor for former Chief Justice Qazi Faez Isa. One may disagree with the logic of some of Chief Justice Isa’s judgements, but Justice Shah’s letter was sad and unfortunate.
What could a Trump presidency mean for Pakistan?

Nov 3, 2024 | dawn.com | Yousuf Nazar

SOME in Pakistan believe that if Donald Trump wins the US presidential election on Nov 5, it could bring favourable outcomes for Imran Khan and US-Pakistan relations. Such expectations, however, are based on grand delusions, far removed from the realities of US foreign policy.
What A Trump Presidency Could Mean For Pakistan?

Nov 3, 2024 | thefridaytimes.com | Yousuf Nazar

As the spectre of a Donald Trump presidency looms again, some in Pakistan are clinging to the idea that a Trump win on November 5 would somehow revive US-Pakistan relations or, better yet, secure a favourable outcome for Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan. Such ideas are nothing short of fantasy. The reality is that US foreign policy operates with a cold logic — one dictated by American interests, not the whims of a populist leader or the hopes of a diaspora.
Pakistan’s Populist Narratives & Democracy

Oct 30, 2024 | thefridaytimes.com | Yousuf Nazar

The recent confrontation between Pakistan’s increasingly assertive superior court judges and the current establishment marks a notable shift from when a pliant judiciary served as an establishment tool. However, it also reflects polarisation within the establishment as well as the power of digital lynch mobs on social media platforms.
Electricity - a state monopoly

Oct 27, 2024 | dawn.com | Yousuf Nazar |Ahmed Bilal Mehboob |Abbas Nasir

Diane Coyle, Professor of Public Policy at the University of Cambridge, explores the fundamentals of welfare economics and the interaction between individual and collective choices in her book, ‘Markets, State, and People’. The book provides a balanced perspective on public policy, avoiding extremes advocated by socialists or free-market proponents, and presents a pragmatic framework for making policy choices, especially relevant for utilities.