Pakistan’s economy – II
Lessons of experience Positive policy actionsThe above brief economic history narrative suggests several points. Political leaders, both civil and military, have had a major impact on the course of economic…
A futile debate
According to recent media reports, opinions in the Planning Commission (PC) and the State Bank of Pakistan (SBP) are poles apart over how to sort out the current fiscal and…
Hafeez caretaker PM?
Dr Hafeez Sheikh's resignation as the Federal Minister for Finance has generated considerable speculation as to its reason. What fuelled these speculations was the fact that the Presidency issued a…
Expect more of the same
Even purveyors of the folklore about the resilience of Pakistan`s economy because of a `vibrant`, largely untaxed (despite its visibility) informal sector would acknowledge that the country faces serious economic…
Damage done
There appears to be a serious disconnect between most of the analysts, including myself, and the governor of the State Bank of Pakistan (SBP) on the emerging debt repayment crisis.…
Lively performance of National Bank of Pakistan
Performance, profit and its distribution by the National Bank of Pakistan, for its 64th year ended December 30, 2012, gives a pleasant surprise to all interested in work sheet of…
The last budget
The outgoing government presented its fifth and last budget on June 1, 2012. Since the year 2012-13 was an election year, the intention of the government was totally inconsistent with…
Smart move on the eve of election
The internal Monetary Policy Committee of State Bank of Pakistan (SBP) was unanimous in its decision for keeping the discount rate unchanged and the Board conveniently approved that stance. The…
The rupee rollercoaster
I first heard about it in the summer 2010, from Dr Ehtesham Ahmed, who had served as adviser to the executive director for Pakistan on the board of the IMF,…
Comment: report””s footnotes tell the real story
The footnotes published by the State Bank of Pakistan in its Annual Report 2011-2012, tell the real story of country''''s economy and not the heavily vetted analysis that was issued…
