Pakistan’s economy is addicted to debt. Lavish government spending, recklessly financed through borrowing has resulted in a precarious debt trap, a depreciated rupee, escalating inflation, and an economy on the…
International Monetary Fund (IMF) programme under the Extended Fund Facility rolled out this September has spurred some elements of country’s fiscal and economic recovery. A number of survey reports on…
A COMMON refrain of donors is that Pakistan needs to raise its tax-to-GDP ratio substantially to achieve macroeconomic stability on a sustainable basis. It has earlier been argued in these…
Recently, affected by the international political and economic situation, there were some voices expressing concerns about the economic prospects of China. In fact, China enjoys several distinct advantages: a socialist…
A year after angry Sri Lankans stormed the president’s residence and forced his ouster during a meltdown of the economy, the island’s streets are calm, there are no serpentine queues…
Part - I It is time to look beyond Budget 2023. The government’s chosen goal for the budget, despite the clamour and possible changes, is to avoid default. It is…
The first part in this series (Roadmap to economic recovery’, June 20) discussed why we keep falling into crisis situations. It avers that the economy does not focus on growth.…
The first two parts in this series discussed why we keep falling into crisis situations, and the need for the economy to grow. Low public and private investment are behind…
Recent news has kept us stirred up with the ups and downs of our deal with the IMF. We are at a stage where taking on debt, not for a…
January 2022 update of the IMF’s (International Monetary Fund’s) flagship report ‘Global Economic Outlook’ (GEO) revised global economic growth forecast for the current year downwards. As per GEO’s October 2021,…
