The National Account numbers for FY2023 have been published and, unfortunately, they paint a truly dismal picture of economic performance. Under the PDM (Pakistan Democratic Movement) government, economic activity has…
PAKISTAN is again facing a severe economic crisis, with the usual debate about which government is to blame. The question is, how should we compare the performance of various governments…
Foreign economists/analysts have long been regarded as much more credible compared to their domestic counterparts and while tall claims of formulating in-house domestic economic policies by finance ministers, economists or…
The Executive Board of the IMF on December 18, 2015 completed the ninth review of Pakistan's economic performance under a 36-month programme supported by an Extended Fund Facility (EFF) arrangement.…
There is a long list of economists-from Adam Smith to W Arthur Lewis and from Douglas C North to Niall Ferguson-who have strongly highlighted the importance of institution building for…
The International Monetary Fund (IMF) recently released the April edition of its flagship report ‘World Economic Outlook (WEO)’ titled ‘Managing divergent recoveries’, where it revised upward its earlier projection for…
Since around September 2021, and especially since April last year, economic stress has come to Pakistan from a number of sources. First is political instability for many months now, which…
Pakistan’s recent economic crisis, brewing since last few years, intensified in the last quarter of fiscal year (FY) 2022 on account of unsustainable economic measures. This has diminished a large…
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…
Ishaq Dar eagerly misses no opportunity to shift the blame for Pakistan’s economic woes, despite the disasters surrounding his stewardship of the country’s beleaguered finances. It was in this spirit…
