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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…

Imbalances in NFC award

Asad Umar, the Finance Minister, stated in the Senate Tuesday that he has directed Secretary Finance to initiate the process for the National Finance Commission (NFC) award which, as per…

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…

Policy Imbalances

Policy imbalances

The Monetary Policy Committee (MPC) of the State Bank of Pakistan has announced it policy for October and November. It has kept the policy rate unchanged at 5.75 percent. While…

Battling Imbalances

Battling imbalances

When selecting policy instruments and the timing of interventions, a key question that bedevils decision-makers in the country is how to facilitate growth and contain inflation simultaneously. It has been…

Perpetual crisis

Negotiating with the IMF is not a new experience for Pakistan. The country has been approaching the IMF since 1958 when General Ayub Khan first pushed the nation down that…

Budget FY24: a wakeup call

The economic challenges Pakistan faces are both acute and deep as we prepare the budget for fiscal year (FY) 24. The economy faces stagflation with increasing price pressures and stagnating…

Policies for digital banking: Part – I

The State Bank of Pakistan has recently granted five licences for Starting digital banks that would provide the whole range of banking services through digital platforms or electronic channels from…

Real austerity: need of the hour

The policy of controlled imports is working as monthly import bill is down to $5 billion (on average) over the last two months. However, the desired objective to bring the…