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…
Macroeconomic projections of IMF, WB
There have been two very recent sets of macroeconomic projections for Pakistan. The first is in the IMF Staff Report on the Extended Fund Facility for Pakistan. The second set…
Missteps and missed marks: macroeconomic stability is just a distant mirage
Despite ostensibly achieving some macroeconomic stability—as evidenced by falling inflation, a stable exchange rate, and an improved fiscal balance—the government is falling short on multiple fronts, failing to meet several…
What sustainable macroeconomic stability?
The fall in inflation (to be precise CPI inflation) to single-digit in August –stood at 9.6 percent – meant that it was almost after three years that inflation had come…
The macroeconomics of electricity tariffs
In Pakistan, the landscape of power tariffs is shaped significantly by the framework of Power Purchase Agreements (PPAs) and is directly connected to macroeconomics. Under these agreements, the costs associated…
Balancing policies for private sector growth
In the medium term, addressing Pakistan’s balance of payment problem requires a policy framework centered on facilitating private sector investment, both domestic and international. A stable political and economic environment…
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,…
Serious economic crisis due to austerity policies, and weak multilateralism
Inadequate provision of International Monetary Fund’s (IMF’s) special drawing rights (SDRs) to Pakistan, like in many developing countries, after an initial allocation from $650 billion released in August 2021 –…
Serious economic crisis due to austerity policies, and weak multilateralism
Inadequate provision of International Monetary Fund’s (IMF’s) special drawing rights (SDRs) to Pakistan, like in many developing countries, after an initial allocation from $650 billion released in August 2021 –…
Policies and their implementation
Policies in Pakistan’s multiple sectors are well researched, many compiled with donor funding which enables international and national sector experts to take account of international best practices as well existing…
