The Auditor General’s office on Wednesday raised alarm over the Higher Education Commission’s failure to recover more than Rs1.5 billion from scholarship defaulters. Calling it a critical matter, the issue…
IF memory serves me right, the following is from one of Mushtaq Yousufi’s books, possibly Zargazisht. He says that every time he went to his boss, who was a Scotsman, to…
THE most conspicuous aspect of our national discourse on the imminent sovereign default of the country is an absence of any discussion on how we reached this point and the…
THERE has been much talk recently of Pakistan’s seeking a restructuring of its external debt servicing obligations. We last requested such restructuring in December 1998. What lessons does our past…
As Pakistan looks for a spot on the IMF Board’s agenda, the prudent course during this downtime is to reflect on its debt sustainability and develop a broader understanding of…
The recently elected Pakistan government faces the uphill task of tackling the economic crisis. The IMF has completed its second and final review of Pakistan’s economic programme, supported by the…
Announcing the staff-level agreement on the successful completion of the 23rd short-term facility, the IMF (International Monetary Fund) has confirmed that a cash-strapped Pakistan is seeking a 24th successor medium-term…
Fitch’s doubts about securing a post-SBA (Stand-By Arrangement) IMF lifeline show that even leading IFIs (international financial institutions) understand how the political paralysis following the election is already threatening to…
Investor optimism that the Federal Reserve will start cutting interest rates is breathing new life into the market for junk debt, providing timely relief to the lowest-rated companies and likely…
The media is replete with news of the Power Sector – mostly negative. Most recently, it is the exorbitant bills being received by the people and the ensuing protests. Analysts…
