Growth in external debt
The external debt of Pakistan stands at $113.8 billion as of the end of September 2020. It has registered an increase of only $0.9 billion in this quarter. Therefore, there…
The rich owe $5.7trn to the poor!
Recalling the promise, world’s richest countries made on 24 October 1970 through a landmark UN resolution, to give a small percentage of their income annually – just 0.7% – in…
Countering financial crimes
In recent days, Federal Board of Revenue (FBR) has taken many steps to enforce internal accountability mechanism to uproot corruption/malpractices within the organisation. The steps like making Chief Commissioners as…
In Iraq’s Mosul, wholesale market revives trade legacy
Mountains of kitchen supplies, back-to-back butchers: the historic wholesale market in Iraq’s Mosul is battling the odds — from extremists to epidemic — to revive the city’s reputation as a…
2022: What’s in store?—II
In December, SBP conducted open market operations (OMOs) three times, which did not prove to be an effective monetary tool. With an average OMO injection of Rs 1.5 trillion this…
Foreign economic assistance report
The recently released Annual Report on Foreign Economic Assistance for the year 2019-20 is a welcome addition to official data sources. However, it hides more than it reveals; and is…
Budget speech 2021-22
The full text of budget speech of Minister for Finance and Revenue Shaukat Tarin that he delivered in the National Assembly on Friday, June 11, 2021 Bismillahir-Rehmanir-Rahim Mr. Speaker, 1.…
Threat matrix
Security is the absence of risk. Risk is a “situation involving exposure to danger.” Risk has a negative impact on everyone and everything so “every government in each country wants…
Our national priorities
The claws of corruption have engulfed us, and its force is getting stronger with each passing day. Although the incumbent government came into power with the slogan of eliminating corruption,…
Pakistan deserves recognition
Pakistan’s progress in handling the threat of terrorism and curtailing it significantly is a success story in itself. With continuous efforts of security forces across the country and overcoming the…
