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Comparing economic performances

PEOPLE often ask which political party has the best track record of managing the economy and producing the best results. It is a tricky question to give a straightforward answer…

FY23: Uncovering drivers of economic performance

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…

Comparing economic performances

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…

Economic Performance!

Economic performance!

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…

Meaningless Economic Performance

Meaningless Economic Performance

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.…

‘World Economic Outlook’ and IMF’s own performance

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…

Pakistan’s (mis)leading economic indicator

The upward movement of the stock market, such as the KSE-100, usually leads to optimism among businesses, statisticians and policymakers. They celebrate these figures as the sign of a national…

SOEs: performance & accountability

The World Bank’s recent report, titled ‘Pakistan Development Update, fiscal impact of Federal State-Owned Enterprises’, highlights a significant improvement in our economy, attributed mainly to enhanced and better management strategies,…

Pakistan’s economic reckoning

The annual and spring meetings of the International Monetary Fund (IMF), and the World Bank (WB) are key events for the global economic community. These meetings, attended by high-level officials…