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A warped attempt at governance

When the new government took charge, we expected that under Prime Minister Shehbaz Sharif it would make some attempts to put things on the right track in the country. Only…

An accountant’s approach to NFC?

A lot has been written recently about the need to revisit and reduce the share of the provinces in the 7th National Finance Commission Award, but sadly most of it…

A recalcitrant rupee!

The budget for the current fiscal year, reviewed and amended by the International Monetary Fund (IMF) as a prior condition for the staff level agreement (SLA) on the Stand-By Arrangement…

Aurangzeb has his work cut out for him

In understanding the nation’s economy, there’s a clear distinction between an economist serving as the finance minister and a commercial banker taking the helm at the exchequer. An economist in…

Pakistan and IMF

The second and final review of the nine-month Stand-By Arrangement (SBA) with the International Monetary Fund (IMF) was reached this week past (announced on 20 March 2024) however macroeconomic indicators…

Claims of economic improvement

The narrative of the stakeholders today is that there has been a noticeable uptick in various macroeconomic indicators – those that relate to the productive sectors (agriculture, industry), those that…

Aurangzeb: legitimate expectations?

Expectations are extremely high with the appointment of Muhammad Aurangzeb as finance minister on 11 March 2024 – a position that he was reportedly offered even during the caretaker setup…

Lack of economics behind politics Feb 12, 2024

The marriage between politics and economics is well established globally though in Pakistan political parties’ economic agenda varies little mainly due to the imposition of standard time bound quantitative conditions…

A revisit of trade components critical

Exports fuel domestic productivity and therefore employment and at the same time constitute the most desired form of earning foreign exchange. Pakistan’s exports are consumer based and traditional – rice,…