Budget FY24: a wakeup call
The economic challenges Pakistan faces are both acute and deep as we prepare the budget for fiscal year (FY) 24. The economy faces stagflation with increasing price pressures and stagnating…
Demystifying CSR
Corporate fads come and go. Some stay, gain traction, and become mainstream. Consultants make a lot of money. Other fads fade away into the fog of corporate history. Whistle -blowing…
Budgetary outcome in 1HFY23
The information on fiscal operations from July to December 2022 of the federal and the provincial governments has recently been released by the federal ministry of finance. The consolidated budget…
Demystifying politics
The unexpected re-election of Hamza Shehbaz as chief minister of Punjab on July 22 added another surprise to the politics of surprises in Pakistan. The political atmosphere in the provincial…
Demystifying the cult leader
The political echo chamber is abuzz with the word ‘cult’. A cult leader is a person of tremendous charisma who can make inroads into the hearts and minds of his…
Lower oil prices defy robust forecasts for global demand
Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. But no major forecaster is…
European governments defy market volatility with green bond bonanza
Euro zone governments have raised 15 billion euros ($15 billion) from green bonds over the last two weeks, pushing volumes above a year ago even as heightened volatility cuts issuance…
IMF’s macroeconomic projections for FY23
The IMF staff report on the seventh and eighth reviews of the EFF with Pakistan contains a detailed set of macroeconomic projections of the economy of Pakistan for 2022-23, and…
FY2022-23: IMF’s BoP projections
The much-awaited staff report of the IMF (International Monetary Fund) on the seventh and eighth reviews was released on the 1st of September 2022. It contains projections of key macroeconomic…
The FY23 budget and Fund approval
Pakistani administrations have become adept at presenting an annual budget to parliament with the required detailed documents (with respect to both projected expenditure and revenue), printed at considerable cost to…
