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In Search Of Prudent Economics – Dr Muhammad Yaqub

Prime Minister Nawaz Sharif is a well-intentioned leader and seems to be genuinely interested in taking the economy out of its existing state of stagflation, which has...

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 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...

The Next IMF Deal

THE International Monetary Fund board will be meeting tomorrow, Sept 4, to review Pakistan`s application for support. It is a foregone conclusion that the board will...

A Nation’s Debt

The prime minister, in his address to the nation, expressed his concern about the rising debt of the country. His concern was right because high and rising debt...

Failings Of The State Bank

All over the world, central banks perform three main functions. First, they formulate and conduct monetary policy with the objective of keeping monetary expansion and...

Developing (mis)perception

“It is the same old, damaged car. Only the driver of the car has changed.” This is the perception that is gaining traction about the newly-elected government – two...

The Orphan Economy

There are at least six different parties and groups giving their own views about the state of the economy and the required direction of policies, and their viewpoints...

Castles In The Air

In an interview in an English newspaper on December 2, Finance Minister Dr Hafiz Sheikh painted a picture of the economy that does not even remotely resemble the...

Building A Constituency For Reforms

There are many daunting social, political and cultural issues that need to be addressed to transform a swelling crowd of 180 million people into a cohesive nation with a...

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