Farrukh Saleem
Rs6.6 trillion lost. Where did it go?
- By Farrukh Saleem
- June 29, 2026
Pakistan’s state-owned enterprises (SOEs) are public liabilities – not public assets. Total SOE debt now stands at Rs9.5 trillion. Accumulated losses have climbed to…
Pakistan’s dollar engine
- By Farrukh Saleem
- June 22, 2026
Pakistan recorded its highest-ever monthly IT exports of $437 million in December 2025, up 26 percent year-on-year. Ten years ago, Pakistan’s annual IT exports…
Budget: A Rs3.5 trillion opportunity
- By Farrukh Saleem
- June 15, 2026
NOT a perfect budget, but the budget creates an opportunity — if Pakistan can convert allocation into execution. The budget has money. Policy needed.…
Reko Diq will generate $74b a year
- By Farrukh Saleem
- June 8, 2026
PAKISTAN is finally turning geology into geography – and geography into cash flow. Multi-billion-dollar financing — which once sounded like a story — has become…
Where did Rs105 trillion go?
- By Farrukh Saleem
- June 1, 2026
Pakistan does not have a revenue problem. Pakistan has a spending problem. Over the past four years, the government collected Rs34 trillion as ‘Tax…
Pakistan’s Swiss moment
- By Farrukh Saleem
- May 25, 2026
PAKISTAN is not a party in Middle Eastern conflicts. Pakistan is the platform on which parties meet. Pakistan is not a camp – Pakistan is…
Federation — a borrowing machine?
- By Farrukh Saleem
- May 18, 2026
PAKISTAN is a federation – not a loose confederation. Pakistan is a federation – not four fiscal islands connected by one federal treasury. History tells…
Petroleum levy to pay IPPs?
- By Farrukh Saleem
- May 11, 2026
IN FY2022–23, Pakistan collected Rs580 billion from its citizens through the petroleum levy. It then handed Rs487 billion as capacity payments to the IPPs—for power…
$538,535 a day, $200m a year and $2b already paid
- By Farrukh Saleem
- May 4, 2026
In 2014, Pakistan entered into a 15-year agreement with Engro Elengy Terminal Limited for the deployment of the Floating Storage and Regasification Unit (FSRU) Exquisite…
Trump–Pentagon’s best friend
- By Farrukh Saleem
- April 27, 2026
Trump is a disrupter. Trump is an outsider who stormed Washington. Trump rattled the bureaucracy. Trump unsettled the Pentagon. Trump challenged the generals. Trump…
