The prime minister recently met some leading businessmen to understand ways in which the economy could be put on a growth trajectory, while the government continues to deal with the issue of twin deficit- high percentage of current and fiscal account deficits as a proportion of GDP (Gross Domestic...
Pakistan, a semi-industrialized economy, has relied primarily on agriculture for the most part of its existence. Despite a history of expropriation through nationalization, political strife, chokehold of bureaucracy and many other loose ends, foreign investors and some locals as well, did see tremendous potential when the GOP announced its...
The budgetary debacle of 2018-19 has raised questions about the quality of financial management by senior officials of the Ministry of Finance. Not only is the budget deficit the largest since the 80s at 8.9 percent of the GDP but also the spillover from the targeted level was the...
Data mining by governments is not unusual however Pakistani administrations, and to be more precise Pakistani finance ministers, have routinely engaged in this exercise - some considerably more than others. Data mining has taken two basic forms: (i) those finance ministers with insufficient academic background in economics, including commercial bankers...
"A large part of crime is economics - if people are working and have a home and family to support, then I believe you can reduce the crime rate" -Vincent Frank . One does not need much common sense to understand that in order to reduce poverty and economic...
The Advisor on Finance reportedly indicated that the economic team would be formulating a holistic roadmap for the economy, in which goals for all economy-related ministries/departments will be set and performance will be monitored, and will be shared with the prime minister on a regular basis for obtaining further...
With the imposition of 17% GST on the previously zero rated textile sector, FBR is looking at collecting Rs 600 billion from the sector and giving a refund of approximately Rs 480 billion on exports. This is only part of the story, there are many other misguided ways in...
The year, 2018-19, has come to a close with a very different outcome than was originally anticipated. The budget for the year was presented initially in May 2018 by the outgoing PML(N) Government. This envisaged a budget deficit of 4.9 percent of the GDP, implying a sizeable reduction in...
The International Monetary Fund (IMF) staff-level agreement was reached with Pakistani authorities on 12 May 2019, a Sunday. By Thursday 16 May the State Bank of Pakistan’s (SBP’s) Governor, appointed only a week before on 4 May, whose appointment is the envy of most of his former Fund colleagues,...
With the publication of the LSM data for the month of June the full picture of the last year's performance has emerged. The production has declined by 3.64% during FY19, which is the poorest showing in last 10 years. All major sub-sectors like automobiles, iron and steels, food &...

Opinion

tourism cpec

Kashmir-CPEC nexus

In a new geostrategic scenario, situation has tied up Kashmir and CPEC with each other forever. Their correlation has opened up a new window...