Economic governance framework
BEFORE proposing solutions to the economic governance challenge, it is useful to briefly review the current position. Loans, deferred payments, lowering currency value etc can give temporary relief but it…
The impossibility of economic governance
Pakistan every now and then throws up a systematic chaotic situation. Why a difficult question to answer in social sciences but there could be a number of pointers. The consequence…
Economic governance
In a report issued early this month, IMF has expressed satisfaction on the overall performance of the government in meeting the targets agreed between the government and IMF. The performance…
Economic governance goes haywire
It makes depressing reading when the country is discussed by all and sundry in disparaging terms. The recent eruption between the existing Deputy Chairman and the former Adviser/Economist to the…
Economic and social survey for Asia and the Pacific 2017: Effective governance key to economic growth
The Asia-Pacific region's high and steady economic growth has been an anchor of stability for the struggling world economy in recent years. Developing economies of the region now account for…
Pakistan’s economic outlook 2025: inflation, growth, & debt
Among macroeconomic indicators, primarily inflation has come down drastically over recent months, whereby consumer price index (CPI) has fallen from a high of 28.8 percent in January to 4.9 percent…
Making 2024 count economically
A pivotal year which may become a turning point for Pakistan’s economy, 2024 saw significant progress in achieving macroeconomic stabilisation. The country made strides in controlling inflation, reducing interest rates,…
Reimagining governance
In the 1990s, Pakistan was the richest country in South Asia. Today it is one of the poorest. In 1995, Pakistan ranked six places ahead of India and 18 places…
Punitive governance
The Economist Intelligence Unit Democracy Index 2023 downgraded an 11 places back-pedalling Pakistan from a hybrid to an authoritarian regime. The report stated that unsurprisingly elections with opposition forces subject…
Budgetary system & fiscal governance
Pakistan’s budget process, while clearly defined in the 1973 Constitution, subordinate legislations like the Public Financial Management Act (PFMA), 2019 and guided by detailed manuals e.g. Budget Manual 2020, suffers…
