Macroeconomics of empty promises
The State Bank of Pakistan’s (SBP’s) foreign exchange reserves have dropped by nearly a billion dollars in just eight weeks, from December 13 to February 7. This decline occurred despite…
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…
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,…
Macroeconomics causality in Pakistan
Pakistan's wizards keep on toting figures in macroeconomic terms that have no meaning for the a) general public and b) for the economy as such. The common man is not…
The irrelevance of macroeconomics
I have been talking about the irrelevance of the western models of economics and finally Pakistan has been made to understand that the western economic system has missing links that…
The irrelevance of macroeconomics
I have been talking about the irrelevance of the western models of economics and finally Pakistan has been made to understand that the western economic system has missing links that…
Debt woes
THE G20 summit held recently in Bengaluru, India ended in controversy. ‘Burdened’ by the travails of a world in conflict and economic collapse, the Group of Twenty failed to develop…
Shrinking runway of Flight PK-1947
For years, both Pakistan’s most passionately patriotic daughters and sons as well as Pakistan’s most dyed-in-the-wool enemies have kind of grappled with the same question: how much more runway does…
Did SBP and IMF get inflation wrong?
Following the recent approval by the International Monetary Fund (IMF) Executive Board to release the final tranche of SDR828 million (approximately $1.1 billion) under the standby agreement for Pakistan, Deputy…
How to review a central bank
The Australian government initiated an independent Review of the Reserve Bank of Australia (RBA), on July 20, 2022. The Review panel handed its report to the government within a short…
