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Macroeconomic projections of IMF, WB

There have been two very recent sets of macroeconomic projections for Pakistan. The first is in the IMF Staff Report on the Extended Fund Facility for Pakistan. The second set…

Home-grown economic plans

THE government recently formed a committee of eminent international and Pakistani economists to draft a home-grown economic programme. This article shows that there is little need for such a committee. There is…

Medium-term budget strategy

The Federal Ministry of Finance has released the Medium-Term Budget Strategy Statement for the period, 2024-25 to 2026-27. The Fiscal Responsibility and Debt Limitation Act of 2005 states that the…

Rising poverty

The incidence of poverty has skyrocketed in Pakistan since the Covid-19 pandemic and the disastrous floods of 2022. The years 2019-20 and 2022-23 both saw negative GDP growth. Therefore, since…

Outlook for inflation

The statement released recently by the Monetary Policy Committee of the SBP (State Bank of Pakistan) indicates that the policy rate will remain unchanged at 22%. This decision apparently takes…

Sartaj Aziz: public service embodied

Very few Pakistanis have made a name for their significant contributions on national and international fronts and are admired for their personal attributes. Sartaj Aziz was one of them –…

Rising unemployment and falling real wages

The devastation caused by the floods and the resulting supply shortages, along with severe import restrictions, has led to a big loss of growth in the economy. The Pakistan Bureau…