SBP likely to slash rate by 50bps
Concerned with a declining private investment spending and unable to rein in record government spending, the State Bank of Pakistan (SBP) has radically shifted its monetary policy focus, slashing policy…
SBPs report and governments LoI to IMF
State Bank of Pakistan (SBP) second quarterly report on the state of the economy reveals that three-fourths of total government revenue (75 percent) is being spent on defence and interest…
New FATF guidelines: Shell companies and beneficial ownership
Shell companies are considered the safest means to stash wealth created through criminal activities. Incorporation of shell companies is not illegal but they are normally formed in tax havens where…
Governance for local governments: Part – III
Proposed governance system for local governments: In light of the experience of the 2001 LGO, let us now examine what needs to be done to avoid the weaknesses of the…
US bank loan plan provides Fed rate hike path amid SVB fallout
A US lending program to stem deposit outflows in the wake of Silicon Valley Bank’s collapse gives the Federal Reserve scope to continue raising interest rates if needed to slow…
As banks shake, markets hear the sound of peaking rates
Investors scrambled to pull down global rate expectations on Monday and abandoned bets on the Fed upsizing its rate hikes next week, reckoning the biggest American bank failure since the…
Bad things that have happened before
Pakistan is in the midst of a polycrisis, and there are no signs that the elite – bureaucratic, military, civilian, business, or religious – have any real clue about how…
FATF: upcoming challenges
The first meeting of the Financial Action Task Force (FATF) after Pakistan’s exit from the list of jurisdictions under increased monitoring (commonly known as the Grey List) was held from…
Does Pakistan need domestic debt restructuring?
There is growing consensus over the need for debt restructuring within the policymaking community. However, many analysts are casually selling the idea of domestic debt restructuring without fully recognizing the…
Governance reforms anchored in civil service reforms–II
Compensation structure Civil servants complain about commitment and performance demotivation because their compensation structure compares unfavourably with those in the private sector with similar degree of responsibility and scale and…
