Rupee woes
The week ending September 26, was unfortunate for Pakistan's financial services sector because both government and the market players exhibited a reckless, short-sighted profile that is wholly damaging for Pakistan's…
Flawed interpretation
Dar has been particularly insistent in proclaiming that his skills on the negotiating table with particular reference to the International Monetary Fund (IMF) got Pakistan a particularly favourable deal with…
FBR’s ‘Year Book 2012-13’
The Federal Board of Revenue (FBR), in its Year Book 2012-13, issued on September 23, 2013, conceded colossal failure on meeting the assigned target, but as usual blamed it on…
Their precious gibberish
The Sindh Provincial Assembly witnessed some unusual scenes of hilarity during the question hour on September 19. An opposition MPA had put some questions to the minister for Zakat and…
FBR’s ‘Year Book 2012-13’
The Federal Board of Revenue (FBR), in its Year Book 2012-13, issued on September 23, 2013, conceded colossal failure on meeting the assigned target, but as usual blamed it on…
Contingency planning
The Government claims that the new IMF program of $6.7 billion under the Extended Fund Facility is based on implementation of 'home grown' reforms. If this is the case then…
Concerns about battered rupee
The rupee is fast losing its value vis-a-vis other major currencies. And the country's economic team leaders - the State Bank Governor and Finance Minister Ishaq Dar - have held…
Deadly tentacles of terrorism
The ghastly and cowardly attack of September 15, 2013 by Tehreek-e-Taliban (TTP) on Major General Sanaullah Khan, Lieutenant Colonel Tauseef Ahmad and Sepoy Irfan Sattar, has once again exposed hollowness…
More on the programme
Last week (September 17), I wrote on the design of the newly approved IMF programme for Pakistan. My view was that the programme is of the 1980s vintage with a…
The IMF programme
The Executive Board of the IMF has approved a 36-month programme under the Extended Fund Facility (EFF) for US$ 6.68 billion on September 4, 2013. After the board approval, the…
