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Budget 2013-14: Concluding Speech

Budget 2013-14: Concluding Speech

Alongside is the text of concluding speech delivered by Senator Mohammad Ishaq Dar, Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Privatisation, in the National Assembly on 22nd June…

A Smart Move

A smart move

The monetary policy decision boiled down to a trade-off between lower inflation and Balance of Payments woes. Reportedly the Monetary Policy Committee was split in its decision and the central…

More Of The Same?

More of the same?

As one may recall, while the budget for the Financial Year 2011-12 was being presented in the National Assembly, the opposition members from the PML-N had presented the finance minister…

Dar’s The Die-hard Optimist

Dar’s the die-hard optimist

Dar, a certified chartered accountant, very smartly used creative accounting to falsely take the credit for slashing the fiscal deficit by 2.5 percent of GDP in the upcoming first year…

A Thrust Towards Macroeconomic Stabilisation?

A thrust towards macroeconomic stabilisation?

The budget for 2013-14 disappointed general public expectations with the newly installed PML (N) government - expectation that were focused on relief after a five year steady erosion of the…

Budget 2013-14: More Disappointments!

Budget 2013-14: More disappointments!

Why is Dar's budget 2013-14 such a massive disappointment for the general public? If one compares the PML (N) manifesto (whose release was reportedly delayed as the party chief Nawaz…

A Meaningless Monetary Policy

A meaningless monetary policy

In all well-managed economies, monetary policy plays a key role in ensuring relative price stability, balance of payments viability, economic growth and employment generation. In fact, in the recent past,…

Invigorating The Civil Service

Invigorating the civil service

The buzz word these days is governance. Some political analysts have argued that governance (or for that matter bad governance) was the main determinant of the 2013 election results. Where…

Dar Didn”t Mention Data Manipulation

Dar didn”t mention data manipulation

Federal Finance Minister Ishaq Dar referred to some statistics, specifically unemployment, released by the Economic Survey 2012-13 as ''politically expedient'' and therefore not credible. Unemployment rate of 6 percent in…