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2025: Economic challenges meeting political crossroads

2024 was a year of economic stabilization for Pakistan. Inflation plummeted, the exchange rate showed marginal improvement, and interest rates were nearly halved. However, employment creation and economic growth remained…

Lack of awareness of IMF conditions

Pakistan’s private sector elite in industry and the farm sectors, major non-institutional recipients of budgeted expenditure and an influence behind the continued reliance on indirect taxes as a revenue source…

Next steps for a political miracle

The people of Pakistan spoke clearly on February 8. Their favourite political party is the Pakistan Tehreek-e-Insaf. Their favourite leader, even though he is in jail, is as beloved to…

Economic impasse and political instability

The economic challenges of Pakistan are appallingly enduring, and unless we effectively address fiscal discipline issues, expand our tax base, and eliminate resource wastage, the country’s economic stagnation is likely…

The great Indian political circus: Part – II

In January 1990, tensions in Kashmir allowed the BJP to capitalize on it to fan its extremist agenda. Immediately after coming to power, the VP Singh government introduced the 62nd…

The political is all personal

The political economy of Pakistan is shaped by a complex interplay of formal rules and informal deals among elites. It has become important to explore the role of political connections,…

Conditional financing

Pakistan has always been an agrarian economy. This gives it a comparative advantage in the sector. The abundance of natural resources in the country and the specialized labour force provide…

IMF conditionalities: fiscal reforms

The International Monetary Fund (IMF) typically imposes a series of conditions on countries that receive financial assistance from the Fund. In general, IMF conditions may include requirements for fiscal austerity…