Networks vs Hierarchies

We cannot ignore the networks where there is an ideological battle going on – Miguel Diaz-Canel In the last decade, networks have repeatedly surprised hierarchies of nation states. Groups designated as terrorists by the international community have shown resiliency against powerful states. Hamas in Gaza, Hezbollah in Lebanon and Houthis in Yemen engaged with the…

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Up In The Air

Within minutes of the incident of killing of tourists in Kashmir on 22 April 25, India acting as judge, jury and executioner, put the blame on Pakistan. The next day they announced multiple punitive measures against Pakistan, most serious being suspension of the Indus Water Treaty (IWT). Pakistan very rightly first asked for any evidence…

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Indo-Pak: Escalating Tensions

Section – 1 Introduction The brief but intense four-day conflict between India and Pakistan in May 2025 ignited significant global discussion, with The New York Times notably describing: “The recent battlefield standoff between India and Pakistan was “a clear setback for India”, underscoring the decades-long Kashmir conflict and exposing India’s inability to impose a resolution…

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Pakistan’s Fiscal Crossroads

Pakistan’s Federal Budget for fiscal year 2025-26, coupled with the Finance Act 2025, marks a critical juncture in the nation’s economic and strategic trajectory. This article provides a comprehensive commentary on the budget’s fiscal policy stance, its projected multifaceted impact across key economic sectors, and the substantial allocation towards defense. A particular focus is placed…

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Decoding the Finance Bill, 2025

Abstract:The Pakistan Finance Bill, 2025, currently awaiting final assent to become the Finance Act 2025, introduces a series of unprecedented and significant amendments across the country’s tax laws including Income Tax Ordinance, Sales Tax Act, Federal Excise Duty, and Customs Act. These proposed changes are primarily geared towards aggressively broadening the tax base, formalizing the…

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