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The mishandling of economy continues

Finance Division in the January 2023 Economic Update/Outlook noted that fiscal deficit July-November 2022 was 1169 billion rupees against the July-October figure cited in the December Update of 1266 billion…

State of the economy

The first six months of 2022-23 have witnessed considerable uncertainty about country’s economic prospects. Foreign exchange reserves have dwindled sharply from $9.8 billion in end-June 2022 to only $5.6 billion…

Economy: it has only gotten worse

Like ‘Shehbaz speed’, finance minister Ishaq Dar’s bubble has been burst as well. The ‘Dar magic’ was as artificial as his currency peg. However, Dar is not the problem alone.…

A progressive economy

Both the US and European economies are expected to enter a recession in 2023. For what it’s worth, the head of the IMF expects a full one-third of the world…

It’s the economy, stupid

In the recession-hit United States in the 1990s under US president George H W Bush, ‘It’s the economy, stupid’ was the catchphrase that defined the 1992 US presidential campaign of…

PTI’s ‘White Paper’ on economy

A couple of days ago, Pakistan Tehreek-e-Insaf (PTI) presented ‘White Paper’ at a seminar on the economy, which indeed is in perilous situation. A number of policy-makers from PTI’s time…

Charter of economy

Now that the political temperature has somewhat gone down in the country; there is a need to think of some medium and long-term measures to focus on the economy. The…

The state of the economy in 2022

If Covid-19 in 2020 was a nightmare, then we have been continuously transitioning from one nightmare to another. Generous fiscal stimulus in the rich world, accommodative monetary policies the world…