Debt and fiscal space
David Malpass, in a recent interview, has reportedly talked about China’s non-disclosure clause as one of the hurdles in the sovereign debt restructuring process. The outgoing World Bank president, indicated…
Equity mutual funds: a half year of turmoil
The first half of fiscal year 2023 has come to an end, and will be remembered as a time where Pakistan lurched from crisis to crisis. The cacophony of political…
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…
Seventy-five years of Pakistan’s economy
A large majority of Pakistan’s population was born after the country got its independence. The median age today is 23 years and the youth have only experienced economic difficulties and…
A reality check on country’s fiscal status
The whole of the past week witnessed massive hammering of rupee (PKR) vis-à-vis the US dollar in the currency market. The PKR went beyond 226 to a dollar during intra-day…
Shehbaz Sharif’s election year economic policies
Immediately after being elected as the 23rd Prime Minister of Pakistan, Shehbaz Sharif announced in National Assembly a set of economic policies, which can only be regarded as election year…
Burgeoning fiscal deficit
The information on fiscal operations during the first three quarters of 2021-22 has been released recently by the Ministry of Finance. The financial position of the Federal government appears to…
PTI’s 20-year term
PRIME MINISTER Imran Khan does not like the five-year-term limit and considers it democracy’s tragedy. As the Senate-scare is behind him, now is a good time to suggest a serious…
Anti-money laundering regulations and fiscal laws – I
General perception about money laundering 'Money laundering' in general sense means, actions and processes of projecting money acquired as proceed of crime as untainted money. This subject gained international significance…
Fiscal mess – straighten the priorities
Budget-making is in the process. This one is a tough budget to make. Covid-19 demands stimulus; but the fiscal deficit is already too high. The government is asking for no…
