A truly global economic policy needed
In an October 24 post by The Guardian, it highlighted the comments made by Kristalina Georgieva, the head of International Monetary Fund (IMF), which are highly indicative of a global…
Politics over economics
This is the second of a two-part series on Pakistani administration’s focus on domestic factors while ignoring external factors which have a much greater relevance in formulation of our domestic…
Making 2024 count economically
A pivotal year which may become a turning point for Pakistan’s economy, 2024 saw significant progress in achieving macroeconomic stabilisation. The country made strides in controlling inflation, reducing interest rates,…
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…
This year’s economic scorecard
The year 2024 represents a critical juncture for Pakistan’s economy, characterised by a confluence of significant challenges and emerging opportunities. Throughout this period, Pakistan encountered a range of obstacles arising…
A truly global economic policy needed
In an October 24 post by The Guardian, it highlighted the comments made by Kristalina Georgieva, the head of International Monetary Fund (IMF), which are highly indicative of a global…
Macroeconomic projections of IMF, WB
There have been two very recent sets of macroeconomic projections for Pakistan. The first is in the IMF Staff Report on the Extended Fund Facility for Pakistan. The second set…
Economic resilience and IMF surcharges
‘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…
Missteps and missed marks: macroeconomic stability is just a distant mirage
Despite ostensibly achieving some macroeconomic stability—as evidenced by falling inflation, a stable exchange rate, and an improved fiscal balance—the government is falling short on multiple fronts, failing to meet several…
Beyond the economic crisis
PAKISTAN no longer faces an economic emergency as it did last year when it teetered on the edge of sovereign debt default. It has come out of that crisis and managed…
