Inclusive climate action
In a commendable move, the now dissolved National Assembly of Pakistan reaffirmed its commitment to bolster an inclusive climate change agenda by unanimously adopting a resolution concerning climate change. Probably…
Anatomy of ‘Debt Management Strategy’
Pakistan’s persistent fiscal imbalance has cast a negative shadow on the overall economic scenario. Unless significant and enduring fiscal reforms are initiated and implemented with full vigour, the likelihood of…
The corruption challenge
The Federal Board of Revenue (FBR) issued regulations granting banks access to asset declarations of high-level federal civil servants for purposes of AML/CFT compliance of customer due diligence in February…
Fair elections and economic stability
“Gross financing needs are very large, mostly due to large debt service payments, while external market financing has dried up. Confidence is weak, and credit rating agencies have downgraded Pakistan…
Unaddressed economic challenges
The debate and anxiety throughout Pakistan in the aftermath of the stalled Extended Fund Facility (EFF) programme signed with the International Monetary Fund (IMF) in July 2019, ended unsuccessfully on…
The way ahead?
“All that we borrowed up to 1985-86 was about $5 billion; we have paid approximately $16 billion and are still being told that we owe around $28 billion. The $28…
Reviving agricultural growth: Part – III
At present, the canal irrigation management system recovers only a quarter of its repair and maintenance costs. In the 1970s, the entire cost was recovered by these water charges called…
Policies for digital banking: Part – II
The journey in pursuit of the vision started in the early 2000s when the SBP decided to mandate banks to join one of either two ATM switches available in the…
Policies for digital banking: Part – I
The State Bank of Pakistan has recently granted five licences for Starting digital banks that would provide the whole range of banking services through digital platforms or electronic channels from…
Does Pakistan need domestic debt restructuring?
There is growing consensus over the need for debt restructuring within the policymaking community. However, many analysts are casually selling the idea of domestic debt restructuring without fully recognizing the…
