Inadequate provision of International Monetary Fund’s (IMF’s) special drawing rights (SDRs) to Pakistan, like in many developing countries, after an initial allocation from $650 billion released in August 2021 –…
Seeing monthly inflation rates sends shiver down the spine as the rates are skyrocketing along with declining rupee value and higher taxes to meet IMF conditions, all contributing to the…
Pakistan today faces the worst financial crisis in its 75-year history. This is attributable to both long-term trends and more recent developments. The former is primarily the path of accumulation…
While inflation has become a major topic for debate in today’s world politics, it is actually a tale as old as time. The world’s first recorded hyperinflation came during the…
Lee Kuan Yew, the founding father of modern Singapore, believed in the importance of meritocracy, pragmatism, and honesty (MPH) as the cornerstones of good governance. His vision and leadership transformed…
Investors scrambled to pull down global rate expectations on Monday and abandoned bets on the Fed upsizing its rate hikes next week, reckoning the biggest American bank failure since the…
Pakistan is seeing today an unprecedented hike in the rate of inflation. The CPI has risen on a year-to-year basis in the month of February 2023 by as much as…
Consumer price index (headline inflation) rose by 31.5 percent in February (up by 3.7 percentage points from January), core inflation by 17.1 percent year on year (urban) and 21.5 percent…
The illicit movement of funds is a global challenge, threatening domestic and international financial systems. The United Nations Office on Drugs and Crimes (UNODC) has recently highlighted that the total…
There are two extremely discomforting economic phenomena unfolding simultaneously in Pakistan – one is dangerously high food inflation, and the other is rising unemployment. The term economists use for such…
