A cruel IMF programme
‘The pandemic triggered a dramatic increase in public debt in developing economies, from 54 to 65 per cent of GDP between 2019 and 2021. At least 25 developing economies devote…
Oil, gas prices: need for stabilisation fund
Oil prices go up and down. Now gas prices are also linked with oil prices. While lower oil prices go unnoticed and without affecting the economies of the developing countries…
Towards a fast track solar programme
A fast track solar programme appears to be the need of the hour for reducing electricity cost. At least 1000MW should be installed in one year from now. It is…
A programme for economic prosperity
The answer to Pakistan’s dilemma must rely almost exclusively on the intrinsic resources and the people of Pakistan. The government needs to get out of the way — cut spending,…
Budget FY23 and IMF’s programme
“Among the most difficult problems faced by developing countries is that of balancing a budget that is swollen by the cost of development. This problem is enhanced both by the…
IMF programme interregnum
The meetings between the IMF staff and the government’s economic team came to an end in Doha on the 25th of May. The IMF mission leader has issued a statement…
IMF programme
The IMF sixth review staff report published recently contains some ambitious targets for the public finances of the federal and provincial governments combined for 2021-22. These are reflected in the…
Govt’s only option despite Fund squeeze
When it rains, it pours. Financial as well as political pressures are clearly combining to leave the government with no option but to gamble with another expansionary, typically election-year budget…
Fund’s return to austerity
Keeping in view the export orders in hand, Abdul Razzak Dawood, Advisor to the PM on Commerce and Industries, has claimed in a recent newspaper interview that Pakistan’s exports will…
Towards an improved IMF programme
‘[Pakistan’s] GDP growth fell to a little under 4 percent a year over 1988–2000, compared to almost 6 percent in the two previous decades, with a sharp slowdown in capital…
