111 510 510 libonline@riphah.edu.pk Contact

HEC to get 30pc development funding raise

As government universities struggle with cash squeeze amid a national economic crisis, their regulator is likely to receive 30 per cent more development funding in the upcoming fiscal from Prime…

Major negative developments

The downgrading of Pakistan’s credit rating by Moody’s from B3 to Caa1 comes as a big shock. The credit rating agency has cited increased government liquidity and external vulnerability leading…

Human Development Index: Pakistan falls

The UNDP Global Human Development Report for 2021-22 was released on the 8th of September. In the Human Development Index (HDI) ranking of 189 countries, Pakistan has slipped badly. It…

Analysing ‘tax expenditure

We don’t do charity in Germany. We pay taxes. Charity is a failure of governments’ responsibilities”—Henning Wehn, a German stand-up comedian The announcement of budget 2020-21 on June 12, 2020…

Dissecting public expenditure (Part – II)

Debt dynamics requires continued primary budget surpluses to be generated for gradually lowering the burden of interest payments and reducing public debt-GDP ratio. Revenue mobilisation of an additional 1.5 percent…

The sustainable development goals

The Sustainable Development Goals (SDGs) of the United Nations are a successor to the Millennium Development Goals (MDGs). The latter covered the period 2000 to 2015 while the former are…

Dissecting public expenditure (Part – I)

Several commentators have argued that the problem of fiscal deficit in Pakistan lies in its profligate public expenditure and unless this expenditure is drastically reduced a healthy fiscal balance is…

Sacrosanct expenditures

An effective institutional reform effort requires prioritizing key reforms, a commitment to the nation to undertake them within a fixed timeframe and a plan for execution. Such clarity may seem…