Fiscal deficit remains main threat to economy
It is reported that fiscal deficit was recorded at 6.1% of GDP (Rs 2100 billion), in the first eleven-month of the fiscal year. Not only is this a very alarming…
American paradox: Deficit widens even as economy grows
President Donald Trump likes to take credit for the US economy, with historic low unemployment and few signs of rising prices, but his promises that surging growth would pay for…
Caretakers and a trembling economy
Elections are the backbone of a strong democratic process. Free and fair elections and a smooth transfer of power form the basis of a stable democracy in any country. In…
Setting the economy right
Pakistan’s economy is a mess and badly needs restructuring. The country needs to return to fiscal soundness and bring back private investors. These long-term goals can only be fulfilled through…
Europe’s weaker economy limits fallout of US bond rout
A big selloff that pushed US borrowing costs to 15-year highs left euro zone bonds relatively unscathed in August, reflecting investor bets the bloc’s economic growth and funding needs will…
Capital suggestion: Objective economy
Here is a partial list of countries that have effectively depoliticized economic decision-making: Singapore, South Korea, Israel, Chile, Sweden, Norway, Denmark, Finland, Switzerland, Germany, Canada, Australia, New Zealand, Austria, Belgium,…
Underutilisation of remittances in economy
Don’t count your chicken before they hatch is an idiom that goes quite well with our situation. Quite often we see monetary policy quoting record remittances. Remittances from abroad have…
Economy Don’ts 101
Every few years, Pakistan’s economic managers find themselves in a pickle, struggling with declining economic growth and rising inflation when only the year before they have managed to achieve record…
FY23: a very bad year for economy
The Economic Survey of Pakistan (2022-23), released by the Ministry of Finance (MoF), as per tradition a day before the national budget presented on June 9, 2023, for the outgoing…
‘Great misery’: Kuwait political crisis drags down economy
A seemingly never-ending political crisis is plunging oil-rich Kuwait’s economy into the mire, affecting basic services and causing mounting public concern. Despite its large oil reserves, hospitals and educational services…
