Developing countries, in general, are faced with a serious lack of fiscal space to make needed investments to reach a much-needed resilient economy in view of a fast-unfolding existential threat…
The last official document on the state of the economy prior to the end of the tenure of the eleven-party coalition government was uploaded on the Finance Division website on…
The consistent series of the GDP with one year, 2015-16, has been estimated and released by the PBS from 1999-2000 onwards. This now enables determination and comparison of the key…
Before Pakistan can embark on the long and tedious journey of structural reforms, fiscal discipline must be embraced wholeheartedly. Fiscal discipline refers to the practice of governments maintaining sound financial…
The Economic Survey of Pakistan (2022-23), released by the Ministry of Finance (MoF), as per tradition a day before the national budget presented on June 9, 2023, for the outgoing…
Pakistan’s economy is under stress with low foreign reserves and high inflation. Activity has fallen with policy tightening, flood impacts, import controls, high borrowing and fuel costs, low confidence, and…
Since the assumption of power in April 2022, the coalition government of Pakistan Democratic Movement (PDM) has been facing daunting challenges on the fiscal front. It is evident from the…
Pakistan today suffers from significant macroeconomic instability, high inflation, a currency crisis and a risk of a sovereign bond default. However, the underlying issues which have caused its current crisis…
The International Monetary Fund (IMF) typically imposes a series of conditions on countries that receive financial assistance from the Fund. In general, IMF conditions may include requirements for fiscal austerity…
The Managing Director, Kristalina Georgieva, of the IMF (International Monetary Fund) has said recently in the context of Pakistan that ‘there is a need for collecting higher taxes from the…
