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Government fumbling on exchange rate policy

In a telephone interview with Bloomberg, Prime Minister Shahid Khaqan Abbasi has said that Pakistan would not devalue its currency any further. He further added that in the future exchange…

Flawed deportation policy

PAKISTAN had set Sept 1, 2025, as the deadline for Afghan migrants to return to Afghanistan. This is the culmination of the Illegal Foreigners Repatriation Plan that started in November 2023. Even those…

Industrial policy redefined

FOR decades, Pakistan has suffered from de-industrialisation, clinging to a dated model of picking winners through tariff protections and subsidies. This strategy has not only failed to deliver growth; it…

Prohibition: a policy of fear, not facts

Tobacco has been used across societies for generations, yet it is only with modern research that its risks and alternatives have come into sharper focus. Modern research has established that…

Industrial policy a relic

AS a response to sluggish growth, a well-trodden and worn-out narrative regarding the need for an industrial policy is again making the rounds in official circles. It is being proclaimed as the…

Promise and peril of low policy rates

In an unprecedented policy action that has taken international markets and other domestic players by surprise, the State Bank of Pakistan (SBP) has carried one of the most aggressive interest…

Discount rate as a policy tool

Economic stability has been achieved, and the country will not be deterred from implementing the reform agenda agreed with the International Monetary Fund (IMF) – a claim that has repeatedly…