The end purpose of an industrial policy for Pakistan should be to achieve competitiveness through higher productivity which brings greater profits for entrepreneurs, higher wages and better working conditions for…
Instead of choosing the winners and losers which was the case with the industrial policy 1.0, the thrust of the new policy that is still evolving is to align the…
Recent developments in the Western countries have reopened the discourse on the need for an industrial policy. Pakistan, which has gone through deindustrialization in the last few decades, has to…
The International Monetary Fund (IMF) in its recently-released flagship report ‘World Economic Outlook [WEO] update: inflation peaking amid low growth’ indicated that while the economic growth prospects globally had improved…
‘The world is confronting multiple, compounding crises, from Covid-19, energy, inflation, debt, and climate shocks to unaffordable living costs and political instability. The need for ambitious action cannot be greater.…
The first major jolt to the International Monetary Fund’s (IMF’s) thinking regarding pursuing austerity policy came in the inability of austerity policy to neither allow eurozone area to reach needed…
“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design” — Friedrich von Hayek Pakistan is facing a…
The IMF staff report on the seventh and eighth reviews of the EFF with Pakistan contains a detailed set of macroeconomic projections of the economy of Pakistan for 2022-23, and…
‘Today American policymakers face a stark choice. Either, they can fight inflation by continuing to hike interest rates to generate unemployment and bring down aggregate demand. Or, they can employ a surgical…
Therefore, such policy increase will likely do a lot of harm to the impact of bottom-up approach by the previous government has adopted since the start of the pandemic. It…
