Pakistan’s economic debate often revolves around debt, fiscal deficits, inflation, and exchange rate volatility. But these are surface-level symptoms of a deeper structural failure that the state refuses to confront: the documented economy is shrinking, and the undocumented economy is expanding at a pace faster than any formal reform can catch. Money is quietly exiting […]
shadow economy
Digital lenders lure Argentines out of shadow economy
María Rosales, 39, is one of millions of less affluent Argentines locked out of the traditional financial sector. The former cruise ship worker lost her job in 2015 and has relied on her family for financial support to stay afloat since. Now her small pot of savings is in demand from a new group of […]