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The caretaker Governments

The general perception was that the caretaker setup, which is entrusted with the governance of the state for an interim period will do much good for the state in its…

Runaway budget deficits

The last three years witnessed a steady decline in the consolidated budget deficit during the tenure of the IMF program. The deficit was 6.4% of the GDP in 2012-13, excluding…

Trade deficit – an equitable analysis

Trade deficit is good if it generates the required value addition within an economy, and results in a good exploitation of trade through productive investments that enhance the industrial sector's…

Unbelievable increase in government debt

In the midst of the on-going disruption in the normal functioning of economic transactions following the revenue raising measures introduced in the 2019/20 budget and the continuing confusion and uncertainty…

Reducing the primary deficit

Contrary to the practice in previous IMF Programs with Pakistan, the emphasis in stabilization of public finances this time will not be on reduction in the overall budget deficit but…

Reducing the primary deficit

Reports on the on-going negotiations between the Ministry of Finance (MOF) and the IMF reveal that among the many steps and reforms being discussed a heavy emphasis is being placed…