Tag Archives: IMF

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 …

Read More »

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 …

Read More »

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 …

Read More »

China, Pakistan decide to bypass US Dollar

Standard Chartered has taken the lead in conducting a roadshow in Pakistan to inform businessmen that hurdles to trade with China in local currencies – Pakistani rupee and Chinese renminbi – have been razed. Until now, the two countries were trading in dollars, which caused hurdles in the way of banking transactions for traders. The two nations signed a currency …

Read More »

Economic Reforms: Pakistan’s PM congratulated by IMF MD

International Monetary Fund (IMF) Managing Director Christine Lagarde has congratulated Prime Minister Nawaz Sharif on the completion of country’s IMF-supported economic reform programme. In a letter addressed to the prime minister the IMF chief said, “Pakistan has achieved a great deal over the past three years, and I congratulate you and your colleagues on the completion of your IMF-supported economic …

Read More »

The Brexit confusion continues

The Brexit confusion continues

In an asymmetrical neckline, Theresa May declares her asymmetrical vision. Asymmetrical because there is no balance between so many of her pronouncements; indeed, some are quite contradictory. There is no point at which opposing views are squished together into some kind of Blairite compromise. Nor is it the economy, stupid: it’s about identity. It is a rightwing power grab that …

Read More »

Pakistan’s road to economic recovery

Pakistan has just completed its three-year IMF-supported economic reform programme. This is a notable achievement in itself, but particularly so for a country that has had to resort to IMF support regularly and often abandoned its reform programmes before completion. Significant headway has been made under this programme. That said, a lot also remains to be done to put the …

Read More »

Over 22.5 Trillion debt, Should Pakistan worry?

Pakistan’s total debts and liabilities swelled to Rs22.5 trillion by last fiscal year end – a net increase of over Rs2.6 trillion within one year, according to the State Bank. In terms of the total economy size, the country’s liabilities increased by another 3.7% of Gross Domestic Product (GDP) to 75.9% and crossed a dangerous mark, suggesting the country has …

Read More »

The Ghost of Circular-Debt Past

The PML-N Government in its pre-election rhetoric displayed unfounded exuberance with the current Chief Minister Punjab vowing to end the energy crisis within a six-month period. His oft over-zealous claims were downplayed by Elder brother, the current Prime Minister. As soon as it assumed the reins of power the Government, through the Economic Coordination Committee (ECC) of the Cabinet, took …

Read More »

Questioning the data, not the methodology

Questioning the data, not the methodology

The Chief Statistician, under the pressure responded under the title “Statistics are sacred?”, appeared in this newspaper (BR) on July 4, 2016. I could not respond earlier because of the extraordinary prolonged Eid holidays. My response to the Chief Statistician is in order here. First of all, I am delighted to see the response of the Chief Statistician as he …

Read More »