Economic policy choices beyond…–II
Part I (Economic policy choices beyond immediate crisis - I) of this series highlighted the fact that the recent monetary policy measures are important and necessary to prevent the economy…
Economic policy choices beyond…–II
Part I (Economic policy choices beyond immediate crisis - I) of this series highlighted the fact that the recent monetary policy measures are important and necessary to prevent the economy…
High interest rates: a misguided policy for Pakistan
Pakistan's interest rates have intentionally been maintained at a high level for the past months, in a miscalculated effort to control inflation by means of a contractionary monetary policy. Although…
Economic policy choices beyond immediate crisis — III
The part-II of this series highlighted limits of monetary policy and the need for fiscal policy to take the main load of regenerating growth in the economy as the multiplier…
Analysis of monetary policy statement
The much-awaited Monetary Policy Statement (MPS) of the SBP was released a few days ago. It contains a review of the state of the economy and an assessment of the…
Bewilderment over rational tax policy
There is a national consensus that the existing tax system needs to be completely restructured to provide an equitable, pragmatic, investment-oriented and growth-inductive policy and nationally integrated automated tax administration…
Pakistan’s ‘flawed’ monetary policy
The State Bank of Pakistan’s monetary policy has been used as part of the so-called macro stabilization measures over decades, particularly during periods of higher inflation and when Pakistan was…
US foreign policy spiral
American foreign policy today is in a reactionary death spiral. Never has a new ‘national security’ policy paradigm been more desperately needed, yet there is not even a glimpse of…
Policy rate: ‘boldest’ hike in Asia
Dr Reza Baqir, Governor State Bank of Pakistan (SBP), during his interview to Bloomberg on 17 December stated that the apex bank would “pause” interest rate hikes to preserve economic…
Fiscal policy and economic growth
Fiscal policy is an important tool of modern governments to steer economy in right direction. All governments, specially in emerging markets, endeavour to align their fiscal policies in the manner…
