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2022: year of essential economic reform

There is a lot of spilt milk in terms of lost time to initiate meaningful, broad-based institutional, organizational, and market reforms, to take the economy away from an overall neoliberal/Washington-consensus…

Economic reforms – bumpy road ahead

Senate elections was the time when economic commentators were anticipating a change of tide in favour of PTI-led and ruling coalition, in terms of making legislations that are an imperative…

Economic reforms: Part-XXXI

At the outset of this series, we had explained that economic reform essentially means bringing the values of economic variables to a well-established notion of ‘natural state’. Ideally, this natural…

Strategic economic reform

WITH Saudi Arabia’s help, the scope for adopting strategic approaches to economic reform independent of IMF has increased. Towards clarifying these, this article makes five points. One, that the budget…

Economic Reforms

Economic reforms

We now turn to a key economic reform that has eluded policymakers for a long time. This is related to the establishment of a ‘Treasury Single Account (TSA)’ for managing…

Economic Reforms: Part – XLVIII

Economic reforms: Part – XLVIII

Before we close the subject of fiscal federalism, we discuss the implications of the 7th NFC Award and the resulting state of fiscal affairs in the country. The Award, which…