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Provincial economic policy

As the new provincial governments are finding their feet in a rather very difficult economic environment, it is important to fix the problems at the root. This means setting aside…

No more federal funds for varsities in provinces

In a major policy decision, the federal government has decided not to fund universities, whose charters were approved by the provinces, in the upcoming fiscal year 2024-25. Currently, the federal…

What should the tax policy be in 2024?

There is an ongoing debate regarding the preferable size of government – big or small? ‘Big government’ is a political concept where the government plays a predominant role in social…

Some important economic policy questions

The first important policy question facing policymakers is how much role aggregate demand plays in determining inflation? This needs a clear presentation of analysis by policymakers, since the way inflation…

Fixing fiscal policy

Fiscal discipline and effective financial management are the cornerstones of a nation’s economic stability and growth. In Pakistan, however, persistent fiscal mismanagement has been a recurring challenge for both federal…

Need for greater discretionary economic policy

The International Monetary Fund (IMF) has pushed for pro-cyclical, austerity-based policies in its Stand-By Arrangement (SBA) programme with Pakistan in line with its usual bread-and-butter policy prescription generally meted out…

The indictment of monetary policy

The Stand-By Arrangement (SBA) documents uploaded on the International Monetary Fund (IMF) website this Tuesday past, 18 July, added monetary policy mis-calibration to the risk assessment matrix – missing from…

Towards biogas policy

Biogas has acquired a new fillip in the wake of the Ukraine conflict in Europe. The latter wants to acquire independence from imported gas from Russia. Climate change targets have…