Petroleum Policy 2012
Petroleum Policy 2012 has been cleared by the Council of Common Interest with some changes and adjustments. Overall, it is a good forward-looking policy providing requisite incentives to the exploration…
Petroleum Policy 2012
Petroleum Policy 2012 has been cleared by the Council of Common Interest with some changes and adjustments. Overall, it is a good forward-looking policy providing requisite incentives to the exploration…
Petroleum Policy 2009
Advisor to the Prime Minister on Petroleum and Natural Resources Dr Asim Hussain released the Petroleum Exploration and Production Policy that constitutes a number of measures designed to support exploration…
Discount rate as a policy tool
Economic stability has been achieved, and the country will not be deterred from implementing the reform agenda agreed with the International Monetary Fund (IMF) – a claim that has repeatedly…
Policy issues in the EFF programme – II
In addition, lack of adequate regulatory capacity means that it is very likely, as has been the case in real markets, for example, agriculture, left to market forces without adequate…
The petroleum levy burden
The Pakistani government’s decision to raise the petroleum levy to Rs80 per litre – via amendments to the Petroleum Products (Petroleum Levy) Ordinance, 1961 – has dashed public expectations of…
Policy rate unchanged
The Monetary Policy Committee (MPC), met under the chairmanship of the Governor State Bank of Pakistan (SBP) on 10 March 2025, and decided to keep the policy rate unchanged at…
Federal budget and pro-cyclical policy
The federal budget, due to come into effect in the next few days, has continued with the pro-cyclical policy approach, whereby as growth continues to remain stuck in a low…
Need for greater discretionary economic policy
The International Monetary Fund (IMF) has pushed for pro-cyclical, austerity-based policies in its Stand-By Arrangement (SBA) programme with Pakistan in line with its usual bread-and-butter policy prescription generally meted out…
Progressive fiscal policy
The Managing Director, Kristalina Georgieva, of the IMF (International Monetary Fund) has said recently in the context of Pakistan that ‘there is a need for collecting higher taxes from the…
