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Farhat Ali


Power sector: What went wrong?

It was way back in 1958 that Wapda was established in Lahore to electrify the rural and urban areas, stretching from one end of the country to the other, except Karachi which was electrified by Karachi Electric Supply Company (KESC) - the first IPP in the
Published 25 Apr, 2020 06:43am

IPPs in the dock?

PM Imran Khan vowed in the midst of recent sugar, wheat and other commodities shortage and hoarding crisis that he would not spare the cartels and hoarders and take them to task.
Published 18 Apr, 2020 12:00am

Formidable challenge

Coronavirus has severely impacted the human lives and the economies the world over in a profound manner. The trauma of loss of human lives will be followed by loss of jobs, food shortages and depleted health facilities - just to name a few of them.
Published 04 Apr, 2020 12:00am

Opportunities for Pakistan

International Monetary Fund (IMF) President Kristalina Georgieva warned this week that she expects a global recession this year due to the Coronavirus (Covid-19) outbreak. In a statement released by her office in Washington, the IMF chief said that since
Published 28 Mar, 2020 12:00am

PSM problem: a workable solution

Pakistan Steel Mills (PSM) Board of Directors' incumbent Chairman is reported to have stated last week that PSM is in the process of revival and recovery. According to him, it needs to reinvent itself as a new organization.
Published 21 Mar, 2020 12:00am

OICCI's survey

The Overseas Investors Chambers of Commerce & Industry (OICCI) has rolled out key findings of its recently released 'Perception and Investment Survey - 2019'. The following are key punch lines of its survey:
Published 14 Mar, 2020 12:00am

Power emergency

It has been reported that National Electric Power Regulatory Authority (Nepra) has asked the Prime Minister to declare a national power emergency and take drastic steps for scaling down about Rs 1.93 trillion circular debt which, according to the regulato
Published 07 Mar, 2020 12:00am

IMF lending - Pakistan vs Egypt

Ever since the IMF rolled out its current programme in Pakistan, the global lending agency's programme for Egypt has been under intense discussions. The IMF rolled out, in 2016, a programme in Egypt. There are striking similarities between Egypt's and Pak
Published 29 Feb, 2020 12:00am

Mid-year budget review - 2019-20

The Federal Ministry of Finance has formulated the mid-year budget review 2019-20. Subject to its review by the Federal Cabinet and the National Assembly the report would be rolled out soon. One important aspect of the report is the fiscal risk analysis a
Published 22 Feb, 2020 12:00am

Reforms in energy sector

The federal government has decided to set up Pakistan Petroleum Exploration and Production Authority as part of its plan to introduce reforms in the oil and gas sector. Presently, the energy ministry enjoys both the powers of policymaking and regulation.
Published 15 Feb, 2020 12:00am

Unrealistic IMF targets

Pakistan has once again requested the visiting International Monetary Fund (IMF) team to further reduce tax collection target. As reported in the media, in a meeting between a Pakistani team and the IMF mission for second review talks, the government info
Published 08 Feb, 2020 12:00am

A flawed approach?

Never before has the Corruption Perception Index (CPI) global rating by Transparency International (TI) invoked so much of controversy and confusion in Pakistan. In its recently published report, TI stated that Pakistan had scored 32 on the Corruption Per
Published 01 Feb, 2020 12:00am

A welcome step

Prime Minister Imran Khan has vowed to facilitate the business community in a meaningful manner. While chairing a meeting on the licensing regime in Pakistan last week, he directed to abolish unnecessary taxes and inspections. Around 150 licences are requ
Published 25 Jan, 2020 12:00am

'Hunarmand Pakistan' programme

Prime Minister Imran Khan, flanked by Federal Education Minister Shafqat Mehmoud, launched on January 9, 2020 the Hunarmand Pakistan programme - the country's largest-ever skilled development programme aimed at enhancing the skills of youth through qualit
Published 18 Jan, 2020 12:00am

India in trouble

An economic downturn, if not meltdown, appears inevitable in India. India's economy is witnessing degradation in many sectors. India seems to have come full circle. It was in 1991 that India faced a severe financial crisis on account of balance of payment
Updated 13 Jan, 2020 08:04am

Future looks bright

The IMF recently released $452 million second tranche, bringing the total disbursements so far to about $1.45 billion. While doing so, the IMF in its first review of Pakistan's economic performance has acknowledged that the government reforms programme is
Published 04 Jan, 2020 12:00am

Ex post facto accountability

In times, when a major feud between two contestants was settled through a sword fight, if one of them fell down in the fight with the sword dislodged, the opponent would patiently wait for the fallen one to pick up the sword ready to fight back. This is c
Updated 28 Dec, 2019 05:08am

Power sector

The incumbent government adopted a focused and realistic strategy to tackle the gross mis-governance in the power sector and some success has been achieved in terms of improvements in receivables and arrest of power theft.
Updated 21 Dec, 2019 07:43am

Economy on the move

A number of global institutions has described country's current economic progress as satisfactory and encouraging. The Director General Central and West Asia, Asian Development Bank, Werner Liepach, on a visit to Pakistan last week, lauded the steps taken
Updated 14 Dec, 2019 08:04am