Research

As Pakistan celebrated the 25th anniversary of its first nuclear tests last month, it also appeared to share more details than usual about its current nuclear posture. Speaking at a seminar hosted by the Institute of Strategic Studies Islamabad on May 24, retired Lt. Gen. Khalid Kidwai provided new details of Pakistan’s otherwise ambiguous nuclear doctrine. What Kidwai says matters because he is currently an advisor to the country’s National Command Authority (NCA), which controls research and development and all other policy matters concerning nuclear weapons. He’s also the former director-general of the Strategic Plans Division (SPD), which is responsible for formulating nuclear policy and strategy as well as the security of nuclear assets.

Juergen Braunstein and Sachin Silva argue that sovereign wealth funds may be central to governments' efforts to balance public responsibility with private interests in post-pandemic economies.

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.

Could using the cash in your pocket have the potential to spread covid-19? That question has rarely appeared in the news, but many governments and leaders in the digital payments industry are wondering how the virus might impact the use of cash. Several countries have already taken drastic measures to limit circulation of bank notes. Could such interventions lead to the end of cash payments?

Because hand-to-hand exchange of physical currency could transmit the coronavirus, countries around the world are being forced to reconsider the use of cash. In fact, COVID-19 might turn out to be the catalyst that finally brings digital payments fully into the mainstream. Not surprisingly, the digital-payments industry is already focusing on the opportunities created by the crisis.

Political scientist Christopher Clary discusses issues pertaining to strategic stability in South Asia

Newly announced GDP data give a preliminary estimate of 6.5 % in the 3rd quarter of 2018, relative to Q3 of 2017. The growth rate had been 6.7% previously.