The need for policy reforms
Industrial economic size refers to the scale or size of industrial activities within an economy, typically measured by the total output, employment, or capital investment of the industrial sector. It…
Public sector governance: a blueprint of policy reforms
Good governance is essential for the economic development of any country. Today, governing Public Sector Companies (PSCs) has become quite challenging for Governments around the globe. In Pakistan, few reforms…
Capital suggestion: Industrial policy?
Three questions: can industrialists be impartial architects of change when they have reaped the benefits of the existing system? Will industrialists, who have thrived within the current status quo, suggest…
IMF has a tough call on Argentina: force major reforms or pull the plug
Argentina and the International Monet-ary Fund share a rocky history spanning seven decades - and it looks as if things could get worse. Just five years ago, Argentina became the…
Eccentric currency market reforms
September 2023 holds some significant importance for Pakistan, marked by a series of notable events. In the first week of this month, we witnessed unusual and rapid surge in the…
World Bank needs to revisit its policy and lending focus
In its recently released report ‘Pakistan development update October 2023: restoring fiscal sustainability’ the World Bank (WB), just like the International Monetary Fund (IMF) policy thinking, including as highlighted in…
Reforming the forex policy
When Great Britain ruled British India, policy was made to serve the purpose of London. Objectives were elaborated there, based on the geopolitical/strategic circumstances of the time. Many British laws…
SOEs, fiscal discipline & reforms
Despite a wave of privatization in the last 3 decades, SOEs still contribute significantly to the economic growth of both developed and developing countries (Robinett 2006). For example, SOEs account…
Fixing fiscal policy
Fiscal discipline and effective financial management are the cornerstones of a nation’s economic stability and growth. In Pakistan, however, persistent fiscal mismanagement has been a recurring challenge for both federal…
Economic policy by the interim govt
Given Pakistan is facing very difficult economic challenge, mainly in the shape of bringing debt sustainability, on one hand, and on the other controlling inflation, while also providing as much…
