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Elusive macroeconomic stability

In a recent statement reportedly, interim finance minister Dr Shamshad Akhtar indicated that there were signs of economic recovery, whereby she pointed out: ‘There are some initial signs of economic…

Beyond macroeconomics

The International Monetary Fund (IMF) epitomizes a global economic paradigm rooted in inequality with little emphasis on inclusiveness. Advocates of this model argue that some degree of inequality is essential,…

Lack of prudent macroeconomic policies

“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design” — Friedrich von Hayek Pakistan is facing a…

IMF’s macroeconomic projections for FY23

The IMF staff report on the seventh and eighth reviews of the EFF with Pakistan contains a detailed set of macroeconomic projections of the economy of Pakistan for 2022-23, and…

‘Homegrown’ macroeconomic framework

The recent medium-term projections by some of the major multilateral agencies have created a strong sense of apprehension about the future prospects for the economy of Pakistan. For example, the…

Macroeconomic stabilisation

This following argument has been prompted by the State Bank of Pakistan's rejoinder to an editorial of this newspaper. This writer is of the view that there are serious questions…

Macroeconomic choices for 2022

State Bank of Pakistan (SBP) increased policy rate by 1 percent (100 basis points) to 9.75 percent. This is the second increase by SBP within the period of a month…

Important macroeconomic challenges

Pakistan needs a homegrown reform policy that takes strong radical and creative decisions about political economic issues, and balances monetary and fiscal policies, and for that it would have been…