Development 2.0--by Nadeem Ul Haque

Tim Cook CEO of Apple said on Monday this week “It would seem like there will be massive change in that (car) industry, massive change.” Most of the world is reflecting on this statement because of the importance of Apple as the world’s largest company as well as the technology leader. This statement has large ramifications for us too and we would all do well to think upon it. We are told that our policymakers are considering a new auto policy. Newspapers report that it is likely to be business as usual, rewarding our automakers with the large protection that they have received now for more than 40 years. For 40 long years we have struggled to create an auto industry giving our local assemblers a market where imports are made prohibitively expensive forcing consumers to buy what they produce. We all know about not only the kinds of cars we get but how they are sometimes bought at the infamous premium of the ‘on’ where you pay full cash in advance for delivery months later. In...

Farrukh I one of Pakistan;s best economic and invetigative journalists. He sent me the borad summaary of hsi sugar analysis. Here it is. 3.5 million production average price last year Rs30 price this year 55 difference times production roughly equals Rs80 billion a total of 80 mills average profit per mill Rs1 billion ruling party mills owned around 2 dozen pml n mills onwed around 1.5 dozen pml q mills owned around 1 dozen Now do you see the political economy in the coutnry!