Tag Archives: IMF

Government to sell PIA’s core business by mid April

PIA’s core business to be sold off by April 15: Privatization Minister The government is committed to finalising the process of privatization of loss-making Pakistan International Airlines’ (PIA) core business before April 15, Minister for Privatization Daniyal Aziz said. Addressing a press conference in Islamabad, the minister emphasised that the government plans to sell only the core business relating to management …

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Pakistan’s economy has a great potential

Pakistan’s economy races to a tipping point Pakistan is on the cusp of progress. The country has a window of opportunity in which to initiate key economic reforms that shall ensure it continues walking down the path to progress. Over the last three years, according to the IMF, “policy implementation has weakened and macroeconomic vulnerabilities have begun to re-emerge: fiscal …

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Economic indicators show stable economic Pakistan

Standard & Poor’s sees stable economic, fiscal outlook for Pakistan Disregarding prevailing political uncertainty, Standard & Poor’s affirmed on Monday Pakistan’s stable economic and fiscal outlook for the short and long terms with a downward expectation on the external-sector performance. In doing so, the New York-based rating agency maintained its ‘B’ long-term and short-term sovereign rating on Pakistan and also …

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The Ghost of Circular Debt Past

The PML-N Government before assuming the reins of power in 2013 had made many a promise, including the eradication of load-shedding within months. After coming to power the deadlines kept being extended and promises were repeatedly broken. In 2013, the Government cleared the Circular Debt amounting to some Rs.480 Billion, and one hoped that the menace of load-shedding and the …

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Are more taxes being collect under provincial system?

Are more taxes being collect under provincial system?

The 18th Amendment to the Constitution and the 7th National Finance Commission (NFC) award supporting it give the provinces greater control over their fiscal affairs, but has that increased revenue collection? This post compares how Sindh, Punjab, and Khyber Pakhtunkhwa (KP) have raised tax revenue following devolution. Pakistan’s tax-to-GDP ratio in 2016 stood at 12 percent. According to a recent …

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How will we feed 10 billion people by 2050

This article is published in collaboration with IMF. Agriculture and food markets are plagued with inefficiencies that have dramatic consequences for the welfare of the world’s most vulnerable populations. Globally, farm subsidies amount to over $560 billion a year—equivalent to nearly four times the aid given to developing countries by richer ones. Major emerging-market nations have increased subsidies rapidly, even …

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Pakistan may surpass 5.2% growth rate in 2017 – World Bank

The World Bank has revised Pakistan’s growth rate upwards to 5.2% for fiscal year 2017 and 5.5% for 2018. It previously estimated growth in Pakistan’s gross domestic product (GDP) at 5% and 5.4% for FY17 and FY18, respectively. The report ‘Global Economic Prospects; weak investment in uncertain times’, states that the uptake in activity is spurred by a combination of …

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Pakistan’s debt dance

Pakistan's debt dance

The federal and provincial governments are expected to throw caution to the wind in 2017 and spend liberally on development schemes. This is to score points for performance before they return to voters in 2018. Will this new wave of public spending translate into higher growth? It could marginally. Will it increase inflation? Yes. Will that lead to an interest …

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