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SBP

SBP

The State Bank of Pakistan (SBP) is one of the premier national economic institutions legislated to play a key role in macroeconomic management, control on inflation, conduct of monetary policy…

Appraising The Exchange Rate Policy

Appraising the exchange rate policy

The exchange rate policy is one of the most important components of macroeconomic policy framework in a country. In Pakistan it has not been understood and used properly due to…

Fiscal Policy Imperatives

Fiscal policy imperatives

After successfully reducing macroeconomic imbalances in the current fiscal year, the government appears to have lost patience and decided to pursue an aggressive expansionary fiscal policy in the 2009-10 fiscal…

For Inclusive Growth

For inclusive growth

Can growth be inclusive in Pakistan? A historical review of Pakistan’s economy reveals that the country achieved a reasonable growth rate of about five per cent that lasted four decades…

Fiscal Policy Rules

Fiscal policy rules

Pakistan’s fiscal profligacy has been in the news for the last five years. All those who have an interest in Pakistan’s economy have been writing on this issue and highlighting…

Elections And The Economy

Elections and the economy

Cabinet meetings are now ending on a bitter note with directions to Minister of Finance Dr Hafeez Sheikh to improve macroeconomic indicators that are most likely to impact on the…

Micro-macro Dilemma

Micro-macro dilemma

The science, if science it be of economics is divided firmly into micro and macroeconomics. Of late, there has been a considerable amount of action on the macroeconomics aspect and…

The Need For Easy Monetary Policy

The need for easy monetary policy

The major problems, the economy of Pakistan is facing in recent years, are the macroeconomic imbalances and sluggishness of the economy. On the one hand, the whole burden lies on…

Monetary Policy And SBP

Monetary policy and SBP

Monetary policy is an important component of a macroeconomic policy framework in any country. Similarly, central banks, whatever their level of statutory autonomy, play a key role in the formulation…

The Lost Years

The lost years

In time, these will be known as the lost years. Hidden among esoteric terms like ‘resource mobilisation’, ‘fiscal consolidation’ and ‘macroeconomic stabilisation’ is a simple, but scary fact: there is…