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While Pakistan is trying to manage its twin deficits – the current account and the fiscal deficit – there is another deficit challenging the government. This one is food deficit, in... → Read More
In IMF language, a ‘Letter of Intent’ is a letter from a government to the IMF, diagnosing the problems facing the economy and outlining economic reforms to be made in order to receive... → Read More
It is budget day again. Some say today the PTI government will present its third federal budget since coming into power; this group also counts the two mini budgets presented by Asad Umar and hence... → Read More
During the last three weeks – since the IMF reached a staff-level agreement on economic policies with Pakistan for a three-year Extended Fund Facility – Pakistan’s economy... → Read More
The kneejerk reaction of markets to the announcement of a $6 billion deal between Pakistan and IMF staff mission seems to have subsided.Under this deal, Pakistan is committed to – among other... → Read More
The news of IMF staff mission reaching an agreement with Pakistan for $6 billion over the next three years should bring an end to the uncertainties facing our economy for the last nine... → Read More
Changing portfolios of a few ministers, excusing a minister to leave the cabinet when he did not accept the offered portfolio, not offering any portfolios to two ministers, and inducting a few new... → Read More
History is repeating itself. Like the PPP and PML-N governments, the incumbent PTI government also discovered that its predecessor had left an economic mess for it to sort out.A close analysis of... → Read More
What we need to learn from Malaysia and from the life and policies of Dr Mahathir Mohamad is how he turned an ethnically, culturally and religiously fragmented population of Malaysia into one nation, and how he turned around the Malaysian economy. → Read More
“Twenty hours, $20 billion, and the next 20 months”. While praising the productivity of time spent by the Crown Prince of Kingdom of Saudi Arabia who signed off MOUs worth $20 billion... → Read More
The state of the economy in Pakistan is yet again under discussion, and many are engaged in heated debates regarding different aspects of the economy. However, most of this discussion is producing... → Read More
The menace of twin deficits – the fiscal and current account deficits – will keep the federal government on its toes this year too.After paying the provincial share of revenue from the... → Read More
From the opposition benches, a party may underestimate the severity of the challenges faced by the treasury benches, and may propose simplistic or ambitious solutions.This may not be the case for... → Read More
China may also advance some money against CPEC’s second phase projects. Before committing any new money on CPEC, it needed to know PM Khan’s views on CPEC’s early harvest phase (EHP). → Read More
After a ‘successful’ visit of Saudi Arabia, PM Khan lands in China. The success of the Saudi visit could be assessed in dollar terms, which the Saudis deposited in the State Bank of... → Read More
Skipper Imran was known for his resolve to fight till the last ball of the match. He could be banked on for providing a breakthrough to his team in the most crucial moments of the game.Premier Imran... → Read More
From choosing between approaching and not approaching IMF, the discussion now focuses on the nitty-gritty of Pakistan’s home-grown solution that it will present to the IMF for its forthcoming... → Read More
The uncertainty about the government’s economic recovery strategy is over, with the formal announcement that Pakistan will be negotiating an arrangement – the eleventh since 1990 –... → Read More
Pakistan’s engagement with the International Monetary Fund always creates panic among people as they find their going getting tough during an IMF arrangement. An IMF staff mission is in town... → Read More