Elusive macroeconomic stability
In a recent statement reportedly, interim finance minister Dr Shamshad Akhtar indicated that there were signs of economic recovery, whereby she pointed out: ‘There are some initial signs of economic…
Fair elections and economic stability
“Gross financing needs are very large, mostly due to large debt service payments, while external market financing has dried up. Confidence is weak, and credit rating agencies have downgraded Pakistan…
Elusive economic stability
Taking a break from our series on economic reforms, let’s reflect on some important developments affecting the economy. Few data announcements would have caught public attention as much as the…
Macroeconomic stability and public debt
An appraisal of the government’s strategy to achieve macroeconomic stability by leaning on the International Monetary Fund (IMF), for credit inflow reflected in its new bid, for which a formal…
Macroeconomic stability
Universally accepted norms of achieving a balanced and sustainable economic growth of a country are its GDP growth rate, level of private and government consumption, private and public sector investments,…
Achieving economic stability
Dr Abdul Hafeez Sheikh is the fourth person appointed by the present government in two years to look after the ministry of finance. Finance is the only portfolio which witnessed…
Economic impasse and political instability
The economic challenges of Pakistan are appallingly enduring, and unless we effectively address fiscal discipline issues, expand our tax base, and eliminate resource wastage, the country’s economic stagnation is likely…
Economic growth amid political instability
Political instability is a serious impediment to economic progress. Not only does it shorten policymakers’ horizons leading to suboptimal short term macroeconomic policies, but it is also the cause of…
Economic and political instability
‘“Only a crisis — actual or perceived — produces real change. When the crisis occurs, the actions that are taken depend on the ideas that are lying around.” Friedman, one…
Economic instability and its roots
The unstable equilibrium that is part of Pakistan poverty is the major aspect that ensures that we are what we are. All the efforts at poverty reduction have been nothing…
