Towards industrial policy 2.0 -Part – II
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…
The need for policy reforms
Industrial economic size refers to the scale or size of industrial activities within an economy, typically measured by the total output, employment, or capital investment of the industrial sector. It…
Both IMF, govt need serious policy path correction
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…
2023: year of non-neoliberal, non-austerity, counter-cyclical reform policy
Agreed, Pakistan’s credit default swap (CDS) risk has increased substantially during the current year, that it has a huge financing gap in terms of its loan repayment needs, and that…
Ending the assault of austerity and procyclical policy stance
‘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 other side of social media
The importance of social media cannot be denied in the contemporary world; it has become an important part of an individual’s life, and helps in the exchange of ideas globally.The…
Contradictions in economic policy stance and a way forward
In its policy prescription, the International Monetary Fund (IMF) has been pushing Pakistan for adopting procyclical policies, that is, asking the country to cut spending, raise policy rate, and increase…
An underwhelming foreign policy
Has Pakistan fared well in coping with the whole new international relations environment that has been emerging over the past few decades and the challenges and opportunities it presents? The…
Non-austerity policy needed for resilient, inclusive, sustainable growth
The world is fast entering deep recesses of environmental, public health, and economic crises. Virtually, over the last four decades, global policy, which is equipped with wings of neoliberalism and…
A regressive interest rate policy
Against the backdrop of international price hikes and unprecedented floods, the economic outlook for Pakistan in the current fiscal year (2022-23) is likely to remain bleak, according to the ‘Economic…
