A cruel IMF programme
‘The pandemic triggered a dramatic increase in public debt in developing economies, from 54 to 65 per cent of GDP between 2019 and 2021. At least 25 developing economies devote…
Criticality of business enabling environment
‘Business by the businessmen alone. There is little room for bureaucracy and politics in it’. This is the basic structure of economic governance on which all the successful global economies…
Business environment: There is more to it than EODB
"Who will make investment in the country if businessmen face harassment?" questioned Justice Farrukh Irfan Khan of Lahore High Court while ordering removal of Shahzad Saleem (CEO Nishat Chunian Power)…
Towards an improved IMF programme
‘[Pakistan’s] GDP growth fell to a little under 4 percent a year over 1988–2000, compared to almost 6 percent in the two previous decades, with a sharp slowdown in capital…
Awareness programme about mountains concludes
A three-day programme on raising awareness of the importance of mountains organised by the Pakistan Tourism Development Corporation (PTDC) has concluded with a purposeful hike on Trail 5 of Margalla Hills, Islamabad. PTDC…
Of pandemic, environment and humility
Punishment it was. Punishment it will be. Pandemic was almost a revenge of nature on human arrogance. As the World Environment Day on 5th of June states “Make peace with…
Pakistan should leave IMF programme
Pakistan should come out of the International Monetary Fund (IMF) programme, pursue active economic diplomacy, and usher in deep non-neoliberal institutional, organizational, and market reforms, for which the PM should…
IMF Programme well on track
A staff mission of the International Monetary Fund (IMF) concluded its visit to Pakistan last week; it was all praise for authorities for over-performing on first quarter targets under the…
Implementing the IMF-supported programme
FOLLOWING several boom-and-bust cycles over the last 25 years, Pakistan’s economy is once again in a challenging situation. Public-sector deficits and losses in state-owned companies ballooned in recent years as successive…
Risks to IMF programme
In our last article (‘A budget for stabilisation’, June 13), while terming the budget as helpful to stabilize the economy, we had concluded as follows: “The budget is a good…
