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River of fire

Care to cast your mind back to May of 2023? Consumer prices skyrocketed by a staggering 38 per cent in just one year, sending shockwaves through all Pakistani households and…

The falling rate of inflation

The last few months have witnessed a major drop in the rate of inflation as measured by the Consumer Price Index. According to the Pakistan Bureau of Statistics, it was…

Pakistan’s economic reckoning

The annual and spring meetings of the International Monetary Fund (IMF), and the World Bank (WB) are key events for the global economic community. These meetings, attended by high-level officials…

Inflation: what the govt is doing wrong?

Inflation for the current year, so projected the then finance minister Ishaq Dar in his 9 June 2023 budget speech, would be 21 percent for 2023-24 – revised upward to…

Pakistan and IMF

The second and final review of the nine-month Stand-By Arrangement (SBA) with the International Monetary Fund (IMF) was reached this week past (announced on 20 March 2024) however macroeconomic indicators…

Claims of economic improvement

The narrative of the stakeholders today is that there has been a noticeable uptick in various macroeconomic indicators – those that relate to the productive sectors (agriculture, industry), those that…

Dip in the rate of inflation

There has been a visible and welcome slowdown in the rate of inflation in February 2024. The year-to-year rate of inflation has come down from 28.3% in January to 23.1%…

Manifestoes, subsidies instead of reforms

Media personnel were way more insistent on manifestoes from the three national parties in the run up to the 8 February elections than the general public – a demand met…