The global economy is facing existential threats of climate change and Pandemicene crises. The underlying basis for the perpetuation and hastening of both the crises is Neoliberalism. Here, it needs…
‘The global multilateral economic system has been stress tested twice this century. The first time was with the 2008 global economic meltdown; the second – with the COVID-19 pandemic. And…
Covid-19 has badly exposed the lack of interdisciplinary approach of mainstream economics – the theoretical basis for widely practiced economic policy, both at the level of most countries and multilateral…
The budget stand-off in the United States could not have come at a worse time for the fragile global economy, with the deepening political crisis in Washington threatening to dash…
International Monetary Fund (IMF) Country Report No. 22/288, released in September 2022 – the last such report released, since there have been no successful programme reviews completed since then, given…
Negotiating with the IMF is not a new experience for Pakistan. The country has been approaching the IMF since 1958 when General Ayub Khan first pushed the nation down that…
Since around September 2021, and especially since April last year, economic stress has come to Pakistan from a number of sources. First is political instability for many months now, which…
Pakistan’s recent economic crisis, brewing since last few years, intensified in the last quarter of fiscal year (FY) 2022 on account of unsustainable economic measures. This has diminished a large…
In the recently released report ‘Regional Economic Outlook: Middle East and Central Asia’ by International Monetary Fund (IMF), one of its comments on Pakistan’s economy was ‘For… Pakistan, policy interest…
Inadequate provision of International Monetary Fund’s (IMF’s) special drawing rights (SDRs) to Pakistan, like in many developing countries, after an initial allocation from $650 billion released in August 2021 –…
