Remembering G M Syed
Syed Ghulam Murtaza Shah Kazmi, commonly known as G M Syed, was a renowned Sindhi politician, born in British-occupied Sindh in 1905. For many reasons, G M Syed is considered…
Trade conundrum: who is at fault?
The July 2023 trade data indicates an improvement in the trade deficit – from negative 1.863 billion dollars to negative 1.607 billion dollars, a positive trend that was touted by…
Dwindling forex reserves and bravado
Consumer Price Index rose to 36.4 percent in April - a rise of one percent from March 2023, 23.7 percent from March 2022 and if one takes away the economically…
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 –…
Breaking the IMF cycle
Pakistan has struggled with chronic economic problems and a balance of payments crisis since independence. Its history of such crises and dependence on financial support of the International Monetary Fund…
Pakistan: grave economic distress
On 26 January 2023 inanely shackling the dollar to what was nothing but wishful thinking ended and the interbank rate has been rising ever since - a policy decision in…
The crisis was foretold
Former Deputy Governor Dr Murtaza Syed in a hard-hitting article laments that the crisis facing the economy today was ‘foretold’. He points out that ‘with just $3.7 billion left in…
All is far from well
The state of the economy today should be a source of serious concern to the eleven-party coalition government in power less than nine months – not because inflation is unchecked,…
What went wrong?
The post-floods growth scenario has become controversial with International Monetary Fund (IMF) and the Asian Development Bank (ADB) at odds with the World Bank projection. The IMF in its recent…
