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Opportunities for the government

The balance of payment) (Bocrisis has been aggravated by major currency depreciation taking place over the past few months, the rupee plunging 15% since December last. Surprisingly the currency has…

Whither the budget deficit

There was intense speculation on the government’s ability to meet the budget deficit target of 7.2 percent for the current fiscal year, the same as projected for 2018-19, agreed with…

Debt, deficits, and welfare during the pandemic

The global pandemic has pushed the world, especially the developing countries, in a very uncertain territory with regard to economic recovery, which in most parts depends on finding an appropriately…

Lower budget deficit in 2019-20

The information on fiscal operations in 2019-20 by the federal and provincial governments was released a few days ago. The very pleasant surprise is that the consolidated fiscal deficit has…

Current Account Deficit: a wake-up call

The optimism displayed by the Federal Finance Minister Ishaq Dar on his handling of the economy, based on not only the controversial data released by those entities that are under…

Local government capacity

Ideally, real good social science research offers a good combination of theory and empirical evidence. Theory needs to guide the empirical part of research and in turn gets moulded by…

Songs of deficits past

LESS than a year into their growth spurt the government finds itself reckoning with powerful imbalances emerging in the economy. It was never going to be any different. Our own…

Governance deficit, institutional deterioration resented

Resenting unchecked governance deficit and institutional deterioration in the education sector, especially higher education, senior academics and experts have feared that failure to address these issues will be detrimental to…

Huge trade deficit: no solution in sight?

Pakistan's trade deficit increased in July 2017 by an extremely disturbing 55.46 percent compared to July 2016, according to data released by the Pakistan Bureau of Statistics (PBS). Compared to…