The LSM sector
Large-Scale Manufac-turing (LSM) has been a major recipient of subsidies - utilities (electricity tariff) including misuse of captive power plants, and fiscal and monetary incentives at the taxpayers’ expense and…
Sectoral growth patterns in FY2023-24
The latest Pakistan Economic Survey for 2023-24, released in June, contains a comprehensive set of estimates on the multifarious features of the economy of Pakistan. This potentially makes it possible…
Restore macroeconomic stability to revive private sector credit
Since the 2008 economic crisis, the private sector’s contribution to economic growth has been marginal, replaced in large part public sector projects and CPEC (China Pakistan Economic Corridor). This has…
Balancing policies for private sector growth
In the medium term, addressing Pakistan’s balance of payment problem requires a policy framework centered on facilitating private sector investment, both domestic and international. A stable political and economic environment…
Gas sector reform: beyond pricing
Finally, pricing reform in the gas sector is in sight. The summary has been moved, and prices are likely to increase soon (before the IMF review). The gas circular debt…
Oil and coal sectors think more fossil fuels is the solution
If there is one thing the oil and coal industries can agree upon, it’s that the solution to the current global energy crisis is more fossil fuels. This was the…
The LSM sector
The Khan administration has taken several fiscal and monetary measures during its less than eight month tenure, at an estimated cost of over 150 billion rupees to the treasury as…
Plight of agri sector
Agriculture has historically served as the backbone of Pakistan’s economy. At the time of Partition, the share of agriculture in the GDP was 53 percent. Today, it directly contributes almost…
State subsidy: energy sector in Pakistan — II
As Chairman FBR I was handling the issue of withdrawal of zero rating for sales tax on five export-oriented sectors it was then that I realized that price of electricity…
LNG sector in Pakistan — I
Pakistan is a relatively new player in global LNG market, but has quickly become a major importer. Depleting indigenous gas reserves and a transition towards cleaner and cheaper power generation…
