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Current Account Deficit: a wake-up call

The optimism displayed by the Federal Finance Minister Ishaq Dar on his handling of the economy, based on not only the controversial data released by those entities that are under…

Understanding Current Account Balance

Understanding current account balance

There is a general perception among economic reporters and economic analysts in both print and electronic media that surplus in current account is highly desirable and a sign of economic…

Budget 2025: beyond accounting

Fiscal policy is a key arm of macroeconomic policy, one under the direct control of the government of Pakistan. Fiscal policy works through changes in the amount and structure of…

SOEs: performance & accountability

The World Bank’s recent report, titled ‘Pakistan Development Update, fiscal impact of Federal State-Owned Enterprises’, highlights a significant improvement in our economy, attributed mainly to enhanced and better management strategies,…

An accountant’s approach to NFC?

A lot has been written recently about the need to revisit and reduce the share of the provinces in the 7th National Finance Commission Award, but sadly most of it…

Need for reforms and accountability

Corruption will continue to thrive until justice systems can punish wrongdoing and keep governments in check. When justice is bought or politically interfered with, it is the people that suffer.…

Impartial accountability of all

Accountability is a key component of effective governance. It not only strengthens the foundations of democracy but also helps towards improving efficiency of government operations. Likewise, transparency provides essential and…

IMF and the ideal of accountability

The international lending agencies are often under criticism that they dole out loans to developing countries while foregoing due diligence of the systems set-up for the transparency of purposeful utilisation…