Pakistan’s economy is addicted to debt. Lavish government spending, recklessly financed through borrowing has resulted in a precarious debt trap, a depreciated rupee, escalating inflation, and an economy on the…
The State Bank of Pakistan’s (SBP’s) foreign exchange reserves have dropped by nearly a billion dollars in just eight weeks, from December 13 to February 7. This decline occurred despite…
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…
This is the second of a two-part series on Pakistani administration’s focus on domestic factors while ignoring external factors which have a much greater relevance in formulation of our domestic…
2024 was a year of economic stabilization for Pakistan. Inflation plummeted, the exchange rate showed marginal improvement, and interest rates were nearly halved. However, employment creation and economic growth remained…
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…
PAKISTAN no longer faces an economic emergency as it did last year when it teetered on the edge of sovereign debt default. It has come out of that crisis and managed…
The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks. But the International Monetary Fund…
In the statement released by International Monetary Fund (IMF) on September 27, it indicated that it had approved a 37-month extended fund facility (EFF) programme, which unlike a very natured…
THE word ‘default’ (or its less pejorative technical equivalent, ‘restructuring’) sends shivers down the spines of our policymakers and citizens alike. It shouldn’t. Sovereign default, in an economic sense, means…
