A fragile balance of payments
The statistics on the external balance of payments of Pakistan in 2023-24 were released last week by the SBP (State Bank of Pakistan). These statistics reveal a fragile position of…
Outlook for FY25
The fiscal year, 2024-25, promises to be an eventful year. It will see early negotiations between the Government of Pakistan and the International Monetary Fund for a three-year Extended Facility.…
Budgetary outcome in first half of FY24
The information on the fiscal operations by the federal and the provincial governments in the first half of 2023-24 has been released by the federal ministry of finance. The overall…
Targets in the PML-N manifesto
The manifesto of the Pakistan Muslim League-Nawaz (PML-N) contains a set of key macroeconomic targets from 2023-24 to 2028-29. This is the five-year duration of any newly elected government after…
Post-general election economic outlook
Elections will hopefully be held in the next two weeks. They are taking place at a time when the economy continues to be characterized by severe stagflation. The rate of…
Budgetary outcome in first quarter
The information on fiscal operations in the first quarter of 2023-24 by the Federal and the four Provincial governments has been released recently by the Federal Ministry of Finance. The…
No more business as usual—II
Known solutions to our problems start with merit-based governance and justice system adhering to our Constitution. Structural changes need to be made to existing layers of governance of local governments,…
Early warning signs
The first quarter of 2023-24 is about to come to an end. It has been an eventful quarter. It started well with the finalization of the Stand-By Facility (SBF) by…
This crisis is a moment: Part – I
Survival is increasingly challenging, and an overhaul is possible with a credible roadmap undertaken. It necessitates reengineering, as Pakistan needs deep, extensive restructuring and a deregulated competitive environment to deliver…
BoP projections: risk and uncertainty
The year, 2022-23, closed with a truly remarkable reduction in the size of the current account deficit by 84% to just above $2.5 billion only from close to $17.5 billion…
