‘Supporters of the surcharges argue that the additional fees discourage debtors from borrowing excessively from the IMF. But this moral-hazard argument ignores that loans require approval from the Fund’s Executive Board, which…
There are four essential elements of a sound fiscal regime. The first is to grow the income base from which tax revenue is derived. This is achieved by a well-aligned…
The Chief Executive Officer of K-Electric (KE), Monnis Alvi, while speaking at the Korangi Association of Trade and Industry (KATI) this week, expressed his support for the entry of other…
A new important piece in the legal domain of Pakistan’s public finance management system is the National Fiscal Pact (NFP), which reportedly all four provinces have now signed onto. The…
The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks. But the International Monetary Fund…
Potential promises of clean, sustainable, and long-term cost-saving alternatives have dominated the discussion about solar energy and net metering. While solar rooftops have undoubtedly benefitted many households, there is another…
A damming report by the Auditor General of Pakistan (AGP) says it all insofar as the massive mess-up in the domestic power sector, the consequences of which are being borne…
LEADING economists of Pakistan say that ‘population explosion’ is one of the biggest — if not the biggest — economic challenges facing the country. Pakistan has the fastest-growing population in…
Let us proceed step by step in identifying the realities of the power sector that have led to the current crisis and explore remedies in the form of sustainable solutions.…
Prime Minister Shehbaz Sharif has directed the concerned departments to extend the three-month relief on the Rs7.12 per unit increase in electricity prices for residential consumers using up to 400…
