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Policy rate: a cut is likely?

Despite a decline in inflation, overall costs are still growing this year in comparison to prior years. Regarding inflation, let me remind everyone that core inflation is not the benchmark…

Corruption, justice and accountability

Pakistan’s ranking on the global Corruption Perceptions Index (CPI), announced this week by the Berlin-based corruption watchdog, Transparency International, shows that during 2023 the country’s ranking was 133 while the…

Need for reforms and accountability

Corruption will continue to thrive until justice systems can punish wrongdoing and keep governments in check. When justice is bought or politically interfered with, it is the people that suffer.…

‘It is a tale told by an idiot…’

Data collection and its dissemination is an exercise impacting on politics the world over; however, the capacity of any administration to manipulate data is a function of the system of…

Outlook for inflation

The statement released recently by the Monetary Policy Committee of the SBP (State Bank of Pakistan) indicates that the policy rate will remain unchanged at 22%. This decision apparently takes…

Mixed economic trends

The first five months of 2023-24 have witnessed upturns and downturns both globally and within Pakistan. There was earlier some evidence that the world economy was on the recovery path,…

Where is our middle class?

The middle class has almost been wiped out in countries like Pakistan owing to multiple reasons ranging from lack of job opportunities in inflation-ridden economies to ever-increasing price hikes and…