A recipe for economic growth
PAKISTAN has a history of sacrificing economic growth for short-term macroeconomic stabilisation. At its core, structural weaknesses of the economy — the low tax-to-GDP ratio and foreign exchange deficit —…
Economic growth
THERE are indeed signs that the economy is stabilising. The PSX share index has, for the first time, crossed 100,000 points. The rupee-dollar exchange rate has remained stable over the…
IT boost for economic growth
Total world trade in IT services crossed $1 trillion in 2023 – and it is growing. IT services are now 14 per cent of all services trade, a big jump…
Pakistan’s weak economic growth outlook
The July update of International Monetary Fund’s (IMF’s or simply Fund’s) flagship report, titled ‘World Economic Outlook’ (WEO) projected Pakistan’s economic growth rate for fiscal year (FY) 2023-24 stood at…
EFF programme, non-inflationary economic growth, and counter-cyclical policy approach
A recent ‘Transcript of Global Financial Stability Report April 2024 press briefing’, carried a rather very pertinent question regarding a possible need to revisit policy focus traditionally to control inflation…
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…
China’s debt-laden local governments pose challenges to economic growth, financial system
China’s push to revive the economy this year by increasing infrastructure spending while warding off financial risks is facing headwinds from massive local-government debt, which is more than $9 trillion…
Political paralysis in Iraq hampers economic growth
A year since Iraq’s last elections, it remains without not only a new government but a budget too, obstructing much-needed reforms and infrastructure projects in the oil-rich but war-ravaged country.…
Economic growth amid political instability
Political instability is a serious impediment to economic progress. Not only does it shorten policymakers’ horizons leading to suboptimal short term macroeconomic policies, but it is also the cause of…
Exports for economic growth
Trade and technological advancements provide the fundamental impetus for sustainable economic growth. Nations that are more open to international trade and more advanced in technology have proactively achieved high levels…
