Contradictions in Pakistan’s Monetary System

Posted on June 13, 2009
Total Views: 47416

Kathay Kalame Here are a few facts relating to central bank anchored fractional reserve banking system prevailing in Pakistan. It ( Central bank + private banks ) has a monopoly over the issuance of money, i.e. money supply. Even though money supply is measured as currency and deposits in the banking system, new money is […]

Inspiration Pakistan: The Garage School

Posted on May 31, 2009
Total Views: 117668

Kathay Kalame Shabina Mustafa has the true fighting spirit. She is waging a struggle against the forces of anarchy with her deep love and caring for the children of domestic workers from her neighborhood. And she is winning. She has reclaimed one community from the darkness of despair. And she is setting her eyes on […]

Economy Review: The Myth of Rupee Depreciation

Posted on May 25, 2009
Total Views: 59881

Kathay Kalame At the age of 4 me and my elder brother were roughly the same height. Then my brother shot up to almost twice his original height in about a year while my height increased by a mere 30%. In short, I acquired a complex about my height even though I was growing normally. […]