Rising global economic uncertainties
‘Businesses, governments, and investors were already navigating a foggy global landscape before the tragic events unfolding in the Middle East. …Even in the highly unlikely event that the geopolitical situation…
Debt and austerity: developing world deep in economic crises
In its ‘World Economic Outlook, October 2023’ Report, the International Monetary Fund (IMF) has said that ‘The global recovery from the Covid-19 pandemic and Russia’s invasion of Ukraine remains slow…
Beyond macroeconomics
The International Monetary Fund (IMF) epitomizes a global economic paradigm rooted in inequality with little emphasis on inclusiveness. Advocates of this model argue that some degree of inequality is essential,…
Economic pragmatism vs ideological rigidity
Compare last week’s newspaper headlines with those from the 1990s and it would seem that little has changed in Pakistan’s economic circumstances. Currently, as in the 1990s, the country is…
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…
Economic stress
Since around September 2021, and especially since April last year, economic stress has come to Pakistan from a number of sources. First is political instability for many months now, which…
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…
A retarding economic growth outlook: IMF and ‘Chicago boys’ in a fix
‘The International Monetary Fund war-ned that its outlook for global economic growth over the next five years is the weakest in more than three decades, urging nations to avoid economic…
Economics over politics
It is quite interesting to see how losses in the economy are playing havoc with gains in politics. World politics is passing through a different and difficult phase of bickering…
Economic dystopia incentivized
Can you guess what country has the world’s worst financial inclusion statistics? It is Pakistan. With 115 million unbanked adults (adults with neither a bank account, nor a mobile money…
