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Managing energy imports to save forex reserves

Pakistan relies on imports for 49 percent of its primary energy supplies, which strains its already limited foreign exchange reserves. As of April 2023, Pakistan’s total net reserves were US$…

When living gets tough

The people of Pakistan are neck-deep in a sea of rising poverty, soaring inflation and high unemployment. They were expecting some relief from the caretaker government, but the current setup…

Escaping the low-growth trap

Pakistan’s economy is now effectively stuck in a low-growth trap. The composition of the economy is heavily tilted towards consumption, with household and government consumption making up more than 97.6…

Oil price hike

Petroleum prices have been increased; petrol is costing Rs 305.34 per Liter and diesel Rs 311.84. It is an increase of 5.17 percent in the price of petrol and 6.48…

Ethiopia overview

The inclusion of Ethiopia in BRICS, an informal group of emerging world economies comprising Brazil, Russia, India, China and South Africa, is a pleasant surprise because the African country's extreme…

Heavy indebtedness & power sector crisis

In terms of new commitments, the Government of Pakistan signed new agreements, worth USD 7,228 million, during the period under review. These commitments comprised financing agreements signed with foreign commercial…

Revisiting economy’s direction

‘But putting growth at the center of economic policymaking is a mistake. While important, growth in the abstract is not a coherent goal or mission. Before committing to particular targets (be…

Daunting challenges facing the caretakers

The caretaker government has stepped in amidst massive economic and political challenges demanding promulgation of an ‘economic emergency’ in order to arrest the slight. The government’s mandate — by taking…

Flawed budgetary measures

Pakistan’s prevailing outlook paints a grim picture of a state in deep trouble. In view of perpetual political instability coupled with the economic meltdown, the country has been grappling with…

Trend in key fiscal ratios

The consistent series of the GDP with one year, 2015-16, has been estimated and released by the PBS from 1999-2000 onwards. This now enables determination and comparison of the key…