Values and policy decisions
Public policy environments will invariably include some contentious policy decisions. These decisions will often involve implicit value judgements about what is important and what is not. In debating contentious policy,…
Public policy environments will invariably include some contentious policy decisions. These decisions will often involve implicit value judgements about what is important and what is not. In debating contentious policy,…
‘This chapter has shown that the NMPC [New Monetary Policy Consensus] is limited in four important ways. Firstly, it is based on doubtful assumptions, unwarranted generalisations, overly optimistic expectations about…
The State Bank of Pakistan (SBP) and the current economic team of the government of Pakistan must stop hiding behind a veil of overly cautious monetary policies. The latest Monetary…
One of the more short-sighted fiscal measures recently introduced is the higher tax on banking income from government securities. This tax is directly linked to the advance-to-deposit ratio (ADR), imposing…
‘INCREMENTAL’ budgeting is generally practised by the government of Pakistan. That means that the Ministry of Finance’s recurrent budgets are not based on costing the latest development plans but, in…
I’D like to tell you a story, though forgive me, it’s one you’ve heard before. Several times in fact, and yet inexplicably, infuriatingly, its key assertion is still subject to…
The upcoming monetary policy announcement on September 12th comes at a time when headline inflation has dropped to single digits for the first time in nearly three years. With the…
‘…the existence of the opposition is ‘nearly the most distinctive characteristic of democracy’. In parliamentary democracies, since government and parliamentary majorities often coincide, the opposition is expected to function as…
In the intricate dance between policy formulation and economic stability, the narrative of local investors and consumers emerges as a poignant tale of uncertainty and disillusionment. The saga surrounding net…
In his visit to China, with PM and some other cabinet members, the finance minister, Muhammad Aurangzeb, while addressing a ceremony in China highlighted that Pakistan will be going into…