Economic policy needs a hard reset
The present currency crisis in Pakistan is unprecedented. PKR has depreciated against USD from 180 to 305 since March 2022, and now it is a creating a self-feeding bubble. People…
Economic Survey: government needs to work harder
The government of PML-N last month entered the fourth year of governing the country. President Mamnoon Hussain while addressing a joint session of parliament earlier this week stated: "The successful…
Economic team needs a revisit
A little over one month after the federal budget for 2011-12 became effective few believe that any of the budgetary targets would be met. The government has already been compelled…
Withering geoeconomics
IT was almost exactly three years ago that a paper was published by Moeed Yusuf and his co-author Rabia Akhtar arguing in favour of a pivot away from geopolitics towards geoeconomics as…
Economic balance
THE core of the Holy Prophet’s (PBUH) movement was the economic and democratic organisation of society, because the fulcrum of the Quranic message is human integration on the principle of…
The taxation system needs reform
Our system today is in moral bankruptcy. Our tax system has become a tool of harassment for the weak, a shield for the elite and a mechanism of existence for…
Monetary policy and economic ground realities
In its most recent monetary policy statement (MPS), released on September 16 by State Bank of Pakistan (SBP), the policy rate has been kept unchanged at 11 percent due to…
‘Economic Resilience Act’ — II
Within economy, relegation of Ministry of Finance (MOF) to purely financial matters, and instead forming a ‘Ministry of Economy’ (MOEC) as the main ministry for the overall economic policy. Moreover,…
Austerity, current account surplus, & economic resilience
Recently, the Prime Minister reportedly lauded economic performance with regard to country achieving current account surplus. In a developing country, which is facing gross external financing requirements on average of…
Mission-oriented economic policy
There seems to be a lot of focus on the working of ministry of finance, which is not to say that its role is in any way less important than…
