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High on CPI but not completely clean

Deadly drugs are produced clandestinely in many parts of the world because they are in great demand in the rich countries. Similarly, corruption is thriving unabated universally including in developing…

CPI And The Policy Rate

CPI and the policy rate

The base of an index plays a critical role in its measurement. The longer a base is retained, the more distant it becomes from the start. This is all the…

Symbolism Of The CPI Score

Symbolism of the CPI score

Berlin-based Transparency International (TI) launched its annual Corruption Perception Index 2015 on January 27. The index ranks countries on the basis of perceptions regarding incidence of corruption in the public…

Big fall in the rate of inflation

The Pakistan Bureau of Statistics (PBS) has come up with a very pleasant surprise. The year-to-year rate of inflation, as measured by the Consumer Price Index (CPI), has come down…

Budget: inflation must be top priority

Inflation is pushing an ever increasing number below the poverty line (currently estimated at 40 percent comparable to Sub-Sahara Africa) and the critical question that should, not likely to be,…

Flawed IMF programme design

The International Monetary Fund’s (IMF’s) analysis and prescriptions in the second and final review document under the Stand-By Arrangement (SBA) dated this month are to carry forward to the next…

IMF: reform or ruin?

For the last three decades, Pakistan has been borrowing heavily from the IMF -- giving rise to a chronicle of crises. The debt crisis has led to development and growth…

The macroeconomics of electricity tariffs

In Pakistan, the landscape of power tariffs is shaped significantly by the framework of Power Purchase Agreements (PPAs) and is directly connected to macroeconomics. Under these agreements, the costs associated…

Flawed IMF programme design

The International Monetary Fund’s (IMF’s) analysis and prescriptions in the second and final review document under the Stand-By Arrangement (SBA) dated this month are to carry forward to the next…