COP30: promise to performance
THE Conference of the Parties (COP) emerged under the United Nations Framework Convention on Climate Change (UNFCCC), adopted at the 1992 Earth Summit in Rio de Janeiro. Its purpose was clear yet…
Performance of the provincial economies
The President constituted the 11th National Finance Commission recently to announce a new award for the sharing of the federal tax revenues between the federal and the provincial governments. This…
Climate change crisis, floods, and role of government
Fast-unfolding climate change crisis, which has strong imprint on the recent floods has once again – just like in 2022 – thrown light on the lack of resilient economy. Moreover,…
Provinces or local government?
RECENT media reports indicate that the ‘27th constitutional amendment’ is likely to divide the existing four federating units into 12 provinces. Before finalising such a decision, parliamentarians must consider a…
Punjab’s local government limbo
Local governments in Pakistan function [or dysfunction] under their respective provincial frameworks as Article 140-A of the constitution of Pakistan requires each province to establish a local government system. It…
Fiscal performance of provincial govts
The information on fiscal operations by the four provincial governments in the first half of 2024-25 has been released by the Federal Ministry of Finance. An analysis of the fiscal…
IMF programme targets: performance
This is an appropriate time to evaluate the initial performance of Pakistan’s economy in the first half of 2024-25, in relation to the IMF programme targets for the year. Any…
Poor FBR performance
The monthly Economic Update and Outlook was uploaded on the Finance Division website on 28 November 2024 with the tax collection data for the month not included. This is in…
Performance targets in IMF programme
The newly approved IMF Programme in the form of a 37-month Extended Fund Facility can be considered as perhaps the toughest ever for Pakistan. This conclusion is reached after a…
SOEs: performance & accountability
The World Bank’s recent report, titled ‘Pakistan Development Update, fiscal impact of Federal State-Owned Enterprises’, highlights a significant improvement in our economy, attributed mainly to enhanced and better management strategies,…
