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Laws for good governance

The last decade witnessed major advances in the realm of public finance management (PFM) legislation in Pakistan. The passage of the 18th Amendment and consistent financial indiscipline highlighted the need…

Enough brick and mortar

The novel coronavirus has exposed the weakness of our development planning. We have plush roads for cars, but the health industry remains stagnant. We have 200 universities with a few…

Institutionalising Budget-making

Institutionalising budget-making

The budget debate is going on in parliament these days. We analyze the institutional aspects of budget-making in this article without commenting on the specifics of the presented budget, and…

Where’s The Change?

Where’s the change?

Even after seven decades of existence, Pakistan stands as a nascent and fragile democracy. Autonomous institutions, a transparent and meritocratic accountability system, efficient governance mechanisms, a sovereign parliament, rationalized public…

Asad Umer’s Round Two

Finance Minister Asad Umer has been consistently right when he accuses the previous administration of leaving behind an economy in shambles but been consistently wrong in claiming success through giving…

To IMF Or Not To IMF? Part – II

To IMF or not to IMF? Part – II

This is part two of this two-part series on clearing the confusion regarding the IMF programme. Moving on with my analysis: Q5: Will this set of policies revive growth and…

A Flawed Fiscal Policy

A flawed fiscal policy

The financial year 2018-19 began with an unprecedented move when an unelected finance minister presented the incumbent government’s sixth full-year budget in a five-year term. Other than the apparent scorn…

Barriers To Deliverance

Barriers to deliverance

Every year, the finance minister undergoes the hassle of incessantly orating for around two hours when he presents the fiscal policy in parliament. However, the exercise fails to inspire the…