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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…

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,…

Pakistan’s intractable budget deficit?

Pakistan’s unsustainable budget deficits can be sourced to the never to be satisfied thirst of all administrations, past and present - civilian, military, hybrid, caretaker - to borrow to fund…

The IMF-govt trust deficit

The Pakistani public is being subjected to extremely disturbing macroeconomic indicators with each subsequent update showing a worsening trend - data-set sourced to government entities, including the Pakistan Bureau of…

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…

Budget with a sanity deficit

At a time when Pakistan is going through some of the worst economic challenges in its chequered history, the federal government has come up with a budget that speaks volumes…

Burgeoning budget deficit

The information on fiscal operations in 2021-22 has just been released by the Ministry of Finance. These figures are based on information from the AGPR (Accountant General of Pakistan Revenue),…