Political audit of Afghan policy
THE latest clashes between Pakistani and Afghan security forces are yet another sign of the deepening rift between the two neighbours. Just three years after the Taliban’s takeover of Kabul — a moment that…
Policy rate unchanged
The Monetary Policy Committee (MPC), met under the chairmanship of the Governor State Bank of Pakistan (SBP) on 10 March 2025, and decided to keep the policy rate unchanged at…
MPC clearly in a dilemma about how to respond to policy rate question
The State Bank of Pakistan (SBP) is set to announce its monetary policy decision today. Over the past six reviews, the central bank has slashed interest rates by a cumulative…
Govt, IMF, and need for policy revisit
In March, the government and International Monetary Fund (IMF) are due to hold first review of the Extended Fund Facility (EFF) programme, which was negotiated in September 2024. There are…
Time to end neoliberal monetary policy well overdue
‘This chapter has shown that the NMPC [New Monetary Policy Consensus] is limited in four important ways. Firstly, it is based on doubtful assumptions, unwarranted generalisations, overly optimistic expectations about…
Policy rate caution
The State Bank of Pakistan (SBP) and the current economic team of the government of Pakistan must stop hiding behind a veil of overly cautious monetary policies. The latest Monetary…
Reconsidering our regional policy
Pakistan needs to recraft a regional policy rooted in strategic realities at the regional and global levels and is cognisant of its short- and long-term political, security, economic and cultural…
A truly global economic policy needed
In an October 24 post by The Guardian, it highlighted the comments made by Kristalina Georgieva, the head of International Monetary Fund (IMF), which are highly indicative of a global…
Rethinking Afghan policy
THERE is an immediate need for Pakistan to overhaul its Afghanistan policy, since the present one has failed to yield positive results. The Taliban regime in Kabul has not responded…
Need for a more balanced policy emphasis by Pakistan and Argentina
Pakistan and Argentina have somewhat similar macroeconomic, and growth consequences, whereby although the extent of inflation rate was much more in the case of Argentina, yet both countries practiced significantly…
