Pakistan’s significant debt servicing problem can be resolved through full reserve banking, eliminating high inflation, huge government domestic government debt, and interest costs. Full reserve banking represents a transformative shift…
Asking the wrong question is one of the most prominent qualities of the Pakistani public discourse. ‘Who should be the finance minister?’ is the wrong question. Whoever is made finance…
“Gross financing needs are very large, mostly due to large debt service payments, while external market financing has dried up. Confidence is weak, and credit rating agencies have downgraded Pakistan…
The foreign exchange earnings from jute exports which originated from former East Pakistan were pre-empted for allocation to industrialists in what was then West Pakistan. A number of observers have…
Interest rates in Pakistan are almost at historic highs and still the country is running negative real rates on both current and forward-looking inflation. Some believe that the interest rates…
At present, the canal irrigation management system recovers only a quarter of its repair and maintenance costs. In the 1970s, the entire cost was recovered by these water charges called…
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…
The State Bank of Pakistan has recently granted five licences for Starting digital banks that would provide the whole range of banking services through digital platforms or electronic channels from…
This article is an effort on not only understanding the fundamental economic issues but also some tough but realistic reforms that can provide immediate corrections and some medium to long-term…
Pakistan’s policy thrust today to get out of the ongoing very serious economic/financial imbroglio is, heads: seek more loans at the least possible cost; tails: seek more loans at the…
