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High on CPI but not completely clean

Deadly drugs are produced clandestinely in many parts of the world because they are in great demand in the rich countries. Similarly, corruption is thriving unabated universally including in developing…

CPI And The Policy Rate

CPI and the policy rate

The base of an index plays a critical role in its measurement. The longer a base is retained, the more distant it becomes from the start. This is all the…

Symbolism Of The CPI Score

Symbolism of the CPI score

Berlin-based Transparency International (TI) launched its annual Corruption Perception Index 2015 on January 27. The index ranks countries on the basis of perceptions regarding incidence of corruption in the public…

Gross financing, and medium-term economic strategy

International Monetary Fund (IMF) Country Report No. 22/288, released in September 2022 – the last such report released, since there have been no successful programme reviews completed since then, given…

FY23: Uncovering drivers of economic performance

The National Account numbers for FY2023 have been published and, unfortunately, they paint a truly dismal picture of economic performance. Under the PDM (Pakistan Democratic Movement) government, economic activity has…

A crisis can be an opportunity

I hope that the situation Pakistan is currently witnessing will be the worst it gets, with no further escalation. We were already facing a crippling economic crisis, an unprecedented political…

Causes of the rising inflation

The rate of inflation, as measured by the Consumer Price Index (CPI), has been persistently rising since September 2022, on a year-to-year basis. It was 23.2 percent in September 2022…

Critical economic challenges

Pakistan’s recent economic crisis, brewing since last few years, intensified in the last quarter of fiscal year (FY) 2022 on account of unsustainable economic measures. This has diminished a large…

Pakistan, and international global financial order

In the recently released report ‘Regional Economic Outlook: Middle East and Central Asia’ by International Monetary Fund (IMF), one of its comments on Pakistan’s economy was ‘For… Pakistan, policy interest…