Urban economic planning is the hidden champion behind the blooming cities — a subtle but perfect blend of infrastructure, policy, and people. For long time, I used traditional economic models and assumption to handle this complex field. However, then the
IMF Lifeline and Debt Dilemma
Pakistan’s economy has long been in the grips of financial instability, characterized by a rising debt burden and frequent recourse to external financing. The recent statement by Finance Minister Muhammad Aurangzeb underscores the urgency of the situation, as he highlighted
Why Economists Must Embrace Data Science: The Synergy Between Statistics and Economics
In the world of economics, where theories meet real-world applications, the ability to accurately analyze and predict market behaviors has always been paramount. But let’s face it — traditional statistical methods, while foundational, are becoming increasingly inadequate in capturing the
Economic Myths Busted: Debunking Common Misconceptions
Economics often feels like a mysterious black box full of numbers, graphs, and jargon that can make anyone’s head spin. But what makes it even more perplexing is the cloud of myths that shroud the subject. Some of these myths
Why ‘Free’ Isn’t Really Free? The Economics of ‘Free’
The concept of “free” has long captivated the human psyche. From a psychological standpoint, the allure of getting something for nothing triggers a primal response that often overrides rational decision-making. But in the world of economics, “free” is not just
How to Spot the Real Impact of AI on Labor Markets: An Economist’s Perspective
Artificial Intelligence (AI) is often hailed as the next frontier in technological advancement, promising unprecedented efficiency and innovation across industries. However, its implications for labor markets are complex, multifaceted, and far from universally beneficial. For economists, policymakers, and urban planners,
What I Learned from Analyzing 50+ City Economies in My Career as an Economist
Over the course of my career, I’ve had the privilege of analyzing the economic landscapes of more than 50 cities across the globe. From bustling metropolises to smaller urban centers, each city presents a unique set of challenges and opportunities.
Why Most Data Analysts Get It Wrong: The Common Pitfalls in Economic Forecasting
Economic forecasting is a cornerstone of strategic decision-making in business, government, and finance. However, despite advancements in data analytics, many economic forecasts miss the mark, sometimes with significant consequences. This article delves into the reasons why even seasoned data analysts
The One Economic Theory That Completely Transformed My Approach to Urban Planning
Urban planning is an intricate art and science, one that requires the delicate balancing of aesthetics, functionality, and economic efficiency. Over the years, I’ve encountered numerous theories that inform how cities are designed and function. However, one theory in particular
How AHP Model Contributed to Rural Roads Planning and Prioritization?
In my role as a Transport Economist, I contributed to a transformative project focused on the planning and prioritization of rural roads in Punjab, Pakistan, uisng Analytical Hierarcial Process (AHP) Model. This project was designed to address the pressing need