The monetary policy ritual
Every month the State Bank of Pakistan announces, with a certain amount of fanfare, what it calls its Monetary Policy Statement (MPS). Maintaining that ritual, it released on July 19,…
Every month the State Bank of Pakistan announces, with a certain amount of fanfare, what it calls its Monetary Policy Statement (MPS). Maintaining that ritual, it released on July 19,…
Governments cannot seriously live under the grand delusion that the ordinary public will go into a trance on being informed that the budget deficit targets agreed on with the International…
Japanese Prime Minister Shinzo Abe's bid to light a fire under the country's long-tepid economy will this month face its most critical test with a long-awaited update to his plans…
After a decade of growth, Argentina faces a sharp decline this year as industrial output falls and one of the world's highest inflation rates hits consumer spending and new investment.…
The winner of Ukraine's election will not only have to avert the country's imminent breakup but also force a frustrated public to accept painful belt-tightening measures that could save the…
As expected, the government responded promptly to Dr Hafiz Pasha's views expressed recently in a seminar on the woes of the economy because distortions pointed out by unbiased experts strengthen…
In recent years, budget making has been reduced to a ritual; it's glossy but unachievable promises are meant only to incite loud applause from the parliament's treasury benches, and thereafter…
The Sultanate of Brunei is running out of oil. Lower production levels led to a 34pc drop in crude oil exports last November, which amounted to a loss of nearly…
The recent appreciation of the rupee, despite weak fundamentals, is becoming controversial, with the same interest groups first extolling it as an outcome of good financial management and now complaining…
A $40 billion deal for Dubai firm Arabtec to build one million homes in Egypt may mark the start of politically-inspired Gulf investment in the country's creaking infrastructure, from housing…