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…
FY23: Uncovering drivers of economic performance
The National Account numbers for FY2023 have been published and, unfortunately, they paint a truly dismal picture of economic performance. Under the PDM (Pakistan Democratic Movement) government, economic activity has…
Budgetary outcome in 1HFY23
The information on fiscal operations from July to December 2022 of the federal and the provincial governments has recently been released by the federal ministry of finance. The consolidated budget…
IMF’s macroeconomic projections for FY23
The IMF staff report on the seventh and eighth reviews of the EFF with Pakistan contains a detailed set of macroeconomic projections of the economy of Pakistan for 2022-23, and…
The FY23 budget and Fund approval
Pakistani administrations have become adept at presenting an annual budget to parliament with the required detailed documents (with respect to both projected expenditure and revenue), printed at considerable cost to…
FY23 budget: need for fiscal reforms
“He who wishes to serve his country must have not only the power to think but the will to act” – Plato The coalition government of Pakistan Democratic Movement (PDM),…
Budget FY23 and IMF’s programme
“Among the most difficult problems faced by developing countries is that of balancing a budget that is swollen by the cost of development. This problem is enhanced both by the…
Imperatives for FY23 budget
The federal budget for 2022-23 is to be presented by the coalition government on the 10th of June in the National Assembly. This budget has special significance for several reasons.…
FY23: The budget
Friday 10 June the budget for 2022-23 is scheduled to be laid before parliament by the unelected though a PML-N stalwart finance minister, Miftah Ismail, who will have the honour…
FY23 budget: some new avenues
Pakistan is currently facing a series of challenges. The coalition government, led by Shehbaz Sharif, is trying to bridge the trade deficit, expected to be over Rs 5600 billion in…
