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Promoting culture of political integrity

What happens when a politician writing a law on garbage disposal happens to own shares in a company that specializes in disposing of garbage? Or, if that company has donated…

Exchange rate adjustment: a welcome step

For the past many months, we have been voicing our concerns that a rational exchange rate policy is missing that would address increasingly untenable state of external account. Mercifully, in…

Managing exchange rate volatility

With the new IMF program in place after early July 2019, SBP will be moving into an unchartered territory of determining nominal exchange rate through Real Effective Exchange Rate (REER)…

Our IMF Political Cycle

Our IMF political cycle

Since the announcement of the staff-level agreement with the IMF, the refrain in the ensuing debate, especially by government representatives, is that we should have been anyway doing what has…

It’s the political economy

Today’s Pakistan should have been a far better place than it was in 2008 and 2013. But, despite some very marginal improvements, we are far from moving towards inclusive and…

The Making Of A Political Heiress

The making of a political heiress

Maryam Nawaz was formally launched into politics on September 17, 2017, the day of the by-election for a National Assembly seat vacated by her father, Nawaz Sharif, after being disqualified…

Political Temperature On The Rise

Political temperature on the rise

Is the political tempo on the rise due to domestic and regional issues making headlines, especially the feverish activity at the level of centre-province relations as well as at the…

Banking On Exchange Rate

Banking on exchange rate

According to the IMF, rupee is overvalued by 5 to 20 percent - depending upon the estimation methods. Data from State Bank of Pakistan (SBP) also confirm that Real Effective…