How to avert default
The recently elected Pakistan government faces the uphill task of tackling the economic crisis. The IMF has completed its second and final review of Pakistan’s economic programme, supported by the…
Possible need for price controls
‘The Reagan-era policies also paved the way for China’s rise. As Weber’s scholarly work shows, China’s economic strategy in the 1980s relied on price controls with slow adjustments, similar to…
No room to manoeuvre
Even though the prospects of stable governance are far and bleak, the government must keep running and soon there will be chatter surrounding the budget. He who sits on the…
There’s need to focus on economy
Breaking a two-week impasse following elections, Pakistan’s political power-brokers, after extensive negotiations, have reached an agreement to form a new coalition government with Pakistan Muslim League-Nawaz (PML-N) to lead the centre supported by…
CPEC turnaround: how realistic is goal?
President Xi Jinping of China in a congratulatory message to Prime Minister Shehbaz Sharif stressed that “China and Pakistan should continue their traditional friendship, strengthen exchanges and cooperation in all…
Country at the crossroads
The election held on Feb 8th in Pakistan threw up a number of surprises with a significant shift in the country’s political landscape. The election outcome resulting in a hung…
Country at the crossroads
The election held on Feb 8th in Pakistan threw up a number of surprises with a significant shift in the country’s political landscape. The election outcome resulting in a hung…
Misplaced optimism about economy
Given elections are scheduled for early February, a few months into 2024 spring will bring into public life a new government, but the question whether or not it will continue…
Pakistan’s promising economic outlook
The finance division’s ‘monthly economic outlook report’ for the month of November reveals that Pakistan’s economy is on a gradual but promising path of recovery. The country has witnessed a…
No default risk in event of Russian asset confiscation
Countries whose sovereign bonds were purchased by Russia would not be considered in default if Western governments decide to confiscate frozen Russian reserves worth $300 billion, credit rating agencies Moody’s…
