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Life In a Glass House – Aasim Zafar Khan

We all grumble about robberies that take place in our lives and wonder why the government is unable to take effective measures to stop them. That is a legitimate...

Old Hat, Dead Rabbits – Abid Hasan

Prime Minister Nawaz Sharif recently announced the much awaited incentive package to boost investment. The prime minister’s intent is unquestionable. But the rabbits...

The Enigma Of Inflation – Dr Muhammad Yaqub

Double-digit inflation has become a norm over the last 10-12 years. By now, people’s inflationary expectations have hardened and they believe that prices will continue...

The Exchange Rate Challenge – Dr Muhammad Yaqub

Economics textbooks teach us that the exchange rate between two currencies should be initially set by estimating the cost of purchasing a given basket of goods and...

The Forex challenge

Pakistan suffers from two structural deficits of the budget and the current account of the balance of payments. The budget deficit is being financed heavily by the...

An Economy Taken Hostage

An IMF mission is reported to have arrived in Islamabad to evaluate the performance of the government in relation to the quantitative targets and benchmarks for the end...

Ominous Trends

The external balance of payments position of Pakistan has deteriorated sharply in the first quarter of 2013-14, as per the recently released SBP figures. The overall...

More On The Programme

Last week (September 17), I wrote on the design of the newly approved IMF programme for Pakistan. My view was that the programme is of the 1980s vintage with a focus on...

The Balance Of Payments Outlook

In response to questions by journalists about the costs and benefits of entering into a new loan arrangement with the IMF, the finance minister rightly pointed out that...

So The PM Sang

During the election campaign – and immediately after – Prime Minister Nawaz Sharif had repeatedly stated that proper management of the economy would be the top...

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