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…
Pakistan: grave economic distress
On 26 January 2023 inanely shackling the dollar to what was nothing but wishful thinking ended and the interbank rate has been rising ever since - a policy decision in…
Time for ‘radical’ and fast-paced economic reforms–I
Just as the intellectuals have proposed ‘radical’ reforms in the area of governance and decentralization, there is a set of ‘radical’ structural economic reforms that need to be involuntarily imposed…
Economic security
Pakistan is currently teetering on the brink of economic collapse. The recent floods have only added to this dire situation, and the loss to our economy has been unprecedented. We…
Contradictions in economic policy stance and a way forward
In its policy prescription, the International Monetary Fund (IMF) has been pushing Pakistan for adopting procyclical policies, that is, asking the country to cut spending, raise policy rate, and increase…
Economic framework yet to be finalized
Setting the bar unrealistically high or looking at filling the glass up to more than capacity by any administration can be supported on the grounds that it may propel the…
Resetting foreign economic relations : Part – III
Gulf States: Pakistan has enjoyed very friendly relations with the Gulf States. The first generation of Emirates rulers were very favourably disposed towards Pakistan as they received a lot of…
Political economics
The ongoing political protests and marches organized by opposition political parties and interest groups against the government have started a new wave of demonstrations and rallies, with the government public…
Economic costs of judicial (in)actions [Part – II]
Huge amounts of money has also been invested by aspiring middle class families in purchasing plots of land, booking apartments and renting dwellings. Due to the absence of a weak…
IMF’s macroeconomic projections for FY23
The IMF staff report on the seventh and eighth reviews of the EFF with Pakistan contains a detailed set of macroeconomic projections of the economy of Pakistan for 2022-23, and…
