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Govt, IMF, and need for policy revisit

In March, the government and International Monetary Fund (IMF) are due to hold first review of the Extended Fund Facility (EFF) programme, which was negotiated in September 2024. There are…

Time to end neoliberal monetary policy well overdue

‘This chapter has shown that the NMPC [New Monetary Policy Consensus] is limited in four important ways. Firstly, it is based on doubtful assumptions, unwarranted generalisations, overly optimistic expectations about…

Foreign policy dilemmas

A NUMBER of foreign policy challenges lie ahead for Pakistan in 2025. They have to be met in an unstable global environment of mounting geopolitical tensions, intense US-China competition, preoccupation of…

How the ADR tax distorts the financial sector

The tax on Advance-to-Deposit Ratio (ADR) was introduced through the Finance Acts of 2021 and 2022 approved by Pakistan’s National Assembly and these provisions are being enforced by the Federal…

Move towards better policymaking

According to a recent analysis of Scimago, the world’s leading database of scholarly literature and analytics, Pakistan has witnessed remarkable advancements in the last twenty years in international research rankings…

Economic policy and central bank independence

Unfortunately, economic policy globally is settled on very unsettling fundamentals, and rather than fixing this, the blame for high level of inequality and increasing absolute poverty that this Neoliberalism oriented…