Euphoria must not give way to despair
The nation is in a state of euphoria since it successfully clinched an International Monetary Fund’s (IMF’s) $3 billion 9-month Stand-By Arrangement (SBA) a couple of days ago. Ironically, Euphoria may…
Pakistan’s lifeline restored by IMF
Pakistan and IMF (International Monetary Fund) have reached a $3 billion Stand-By Arrangement (SBA) to help the country successfully avert default. However, the agreement comes with tough conditions! Many of…
Economic policy consensus: Anjum Ibrahim
There are two sides to a coin as they are to any argument – be it the result of informed debate and subsequent consensus or be it the outcome of…
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…
The indictment of monetary policy
The Stand-By Arrangement (SBA) documents uploaded on the International Monetary Fund (IMF) website this Tuesday past, 18 July, added monetary policy mis-calibration to the risk assessment matrix – missing from…
Elephant in the room
To understand strategy in a simple manner three questions are quite helpful. When deciding on a course of action ask these questions: What next, what next and what next. As…
What after the IMF credit?
Dollars are pouring in following the conclusion of a $3 billion short-term credit programme with the IMF. Pakistan has received the first tranche of $1.2 billion under the short-term (nine…
Call a spade a spade
The refrain from the Prime Minister’s office prior to 23 June 2023 that all International Monetary Fund (IMF) conditions pertaining to the stalled ninth Extended Fund Facility (EFF) review have…
IMF lifeline
The IMF staff and the Pakistani authorities have reached a staff-level agreement on policies to be supported by a Stand-By Arrangement (SBA), a last-minute rescue package for the country facing…
Beyond the IMF deal
Pakistan has signed a fresh nine-month stand-by agreement (SBA) with the International Monetary Fund (IMF) worth $3 billion in a last-ditch bid to avoid sovereign default. The agreement at the…
