Economic dystopia incentivized
Can you guess what country has the world’s worst financial inclusion statistics? It is Pakistan. With 115 million unbanked adults (adults with neither a bank account, nor a mobile money…
Pakistan: grave economic distress
On 26 January 2023 inanely shackling the dollar to what was nothing but wishful thinking ended and the interbank rate has been rising ever since - a policy decision in…
Lethargic economic management
About 84% of countries are expected to have lower headline (consumer price index) inflation in 2023 than in 2022. Global inflation is set to fall from 8.8% in 2022 (annual…
Both IMF, govt need serious policy path correction
The International Monetary Fund (IMF) in its recently-released flagship report ‘World Economic Outlook [WEO] update: inflation peaking amid low growth’ indicated that while the economic growth prospects globally had improved…
Another economic disas-Dar
The Sharifs of London have miscalculated badly, but the costs of the miscalculation and the disas-Dar being unleashed on the economy are not going to be borne by them. Nor…
Time for ‘radical’ and fast-paced economic reforms–I
Just as the intellectuals have proposed ‘radical’ reforms in the area of governance and decentralization, there is a set of ‘radical’ structural economic reforms that need to be involuntarily imposed…
China has optimized, readjusted Covid-19 policy Jan 21, 2023
Since January 8, 2023, the Chinese government has optimized and readjusted its Covid-19 policy. China has started to manage Covid-19 with measures against Class-B instead of the more serious Class-A…
Global economic challenges and prospects for 2023
A few days before the release of World Bank’s flagship ‘Global Economic Prospects’ (GEP) January 2023 report recently, the managing director (MD) of International Monetary Fund (IMF) pointed towards a…
2023: year of non-neoliberal, non-austerity, counter-cyclical reform policy
Agreed, Pakistan’s credit default swap (CDS) risk has increased substantially during the current year, that it has a huge financing gap in terms of its loan repayment needs, and that…
Economic pain: an illusion of choice
Pakistan is facing an illusion of false choices in managing its ongoing economic crisis. It can either return to the IMF (International Monetary Fund) without wasting any time. Or, it…
