The costs of inaction
The political temperature is heating up. In the quest for survival, the tough economic decisions are kept on the backburner. The IMF (International Monetary Fund) has reportedly shown concern on…
Economic and political instability
‘“Only a crisis — actual or perceived — produces real change. When the crisis occurs, the actions that are taken depend on the ideas that are lying around.” Friedman, one…
‘Homegrown’ macroeconomic framework
The recent medium-term projections by some of the major multilateral agencies have created a strong sense of apprehension about the future prospects for the economy of Pakistan. For example, the…
The growing costs of indecisiveness
Would it be stating the obvious to say the fear of economic losses is hand-wrestling with the fear of losing lives? The see-saw of living and making a living is…
Economic impact and relief package
The Coronavirus has already spread to 199 countries. The worst hit countries have been the EU countries, the US, China and Iran. The consequences are that normal economic activity, both…
Pricing the benefits of cheap oil in a world of economic lockdowns
The oil price collapse that took US crude prices sub-zero for the first time in history may turn out to be a silver lining for the world economy, possibly offering…
Economic policy choices beyond immediate crisis — I
The economic policy response to the coronavirus crisis by Pakistan has been significant. On the monetary policy side, the State Bank of Pakistan has taken aggressive action to loosen monetary…
Climate economics Nobel may do more harm than good
There are many reasons humanity has failed to rein in climate change despite decades of dire warnings. The inertia of an energy system overwhelmingly powered by oil, gas and coal;…
Exports for economic growth
Trade and technological advancements provide the fundamental impetus for sustainable economic growth. Nations that are more open to international trade and more advanced in technology have proactively achieved high levels…
Economic outlook
The Economic Adviser’s Wing (EAW) of the Ministry of Finance has published the Monthly Outlook for July 2020. This is a new report series which was started in March 2020.…
