Our growth diagnostics
"Happy families are all alike; every unhappy family is unhappy in its own way." Leo Tolstoy’s novel Anna Karenina opens with this line. This dictum holds true not only for…
Pakistan outlook 2013 – I
Internal factors are surely influenced by combination of political and domestic challenges that have led to a low GDP growth now hovering around 3 percent, with bank lending to private sector…
2008 versus 2013
In my article, ‘The worst is still to come’, published on January 1, I had written that “under the most likely business-as-usual scenario, Pakistan’s economic downturn is likely to gain…
The need of the hour
The disclosures about the latest negotiations between IMF and the ministry of finance suggested that, given the steady decline in Pakistan's exchange reserves, Pakistan had sought fresh credit facilities under…
SBP
The State Bank of Pakistan (SBP) is one of the premier national economic institutions legislated to play a key role in macroeconomic management, control on inflation, conduct of monetary policy…
Creditworthiness
More than the problems of ever-increasing debt, burgeoning fiscal deficit, sluggish growth, worst-ever loadshedding, high inflation and rising unemployment, Pakistan is losing its credit worthiness, credentials and credibility with international…
Banks and the public purpose
High deficits, inflation and shrinking investment attenuate the capacity for policy intervention to raise Pakistan’s economy from stagnation. How then can countercyclical action be undertaken, of the size and sustainability…
Finding the correct monetary stance
There is a strong correlation between the net domestic assets to net foreign assets ratio (NDA/NFA) and inflation. Currently, the former is headed in the wrong direction and that is…
A glimmer of hope
Amid the gloom of terrorism, corruption, awful governance, insecurity, crime, inflation, hypocrisy, intolerance and more, come two landmark events. The provinces and the federation agree on a formula to divide…
For expansion of exports
At present, the economy is growing at a very slow pace with a high rate of inflation and a deteriorating balance of payment situation. On the external front, the country…
