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Farhat Ali


Economy at crossroads

The second year of the incumbent government opens up with some positive economic indicators. The negative indicators however far exceed the positive ones. The government is now at crossroads from where it can move in the direction of positivity or remain
Published 03 Aug, 2019 12:00am

PM's successful US visit

One can plausibly argue that Prime Minister Imran Khan's three-day US visit was successful and need based with the US needing Pakistan's influence to ensure a graceful pullout from Afghanistan and Pakistan's need to be on the right side of America in thes
Published 27 Jul, 2019 12:00am

The challenge of mindset

"We have to change the mindset as the country can no longer be run according to outdated patterns. It is necessary to broaden the tax net," stated PM Imran Khan while addressing the award-distribution ceremony of the Gujranwala Chamber of Commerce this we
Published 20 Jul, 2019 12:00am

It's time to make bold decisions - II

Economies that are afflicted by a high-level of corruption - which involves the misuse of power in the form of money or authority to achieve certain goals in illegal, dishonest or unfair ways, are not capable of prospering as fully as those with a low lev
Published 13 Jul, 2019 12:00am

It's time to make bold decisions - I

Corruption, incompetence and collapse of check and balance systems and processes in the ranks of government machinery constitute major challenges for the incumbent government. This is a lethal combination and a recipe for the economic, social and moral co
Published 06 Jul, 2019 12:00am

Rudderless PSEs

The position of the Chairman BoI, which fell vacant after the departure of Haroon as Chairman BoI who served the organisation for eight months, is lying vacant since last month. There are conflicting reports about his resignation. It is said that he could
Published 29 Jun, 2019 12:00am

Ease of doing business

Pakistan's global ranking in Ease of Doing Business (EoDB) improved to a position of 136 out of 190 countries in 2018 as against 147 out of 190 countries in 2017. But it is still far behind its peers in the region and far from being considered as a destin
Published 22 Jun, 2019 12:00am

Budget 2019-20: challenges ahead

The PTI government has announced its first annual budget under the umbrella of its own vision of socio-economic policies for public welfare and the parameters set by the IMF. Balancing or managing the two is a real challenge ahead for the incumbent govern
Published 15 Jun, 2019 12:00am

The challenge of bad news

Research has investigated the impact of media and public pessimism and optimism on financial market returns and volatility, investments, business and trade in the short and long run. Media sentiment translates into investor sentiment. Optimism ushers in a
Published 08 Jun, 2019 12:00am

IMF programme: The challenges ahead

By the end of 1990 in the run-up to the Gulf War, the situation became so serious in India that the country's foreign exchange reserves could barely finance three weeks' worth of imports while the government came close to defaulting on its financial oblig
Published 01 Jun, 2019 12:00am

The FDI challenge

Pakistan's foreign direct investment (FDI) dropped 52% to $1.37 billion in first 10 months (Jul-Apr) of the current fiscal year. The country recorded a net outflow of $22.6 million in the same period under the head of foreign investment compared to a net
Published 25 May, 2019 12:00am

The IMF programme

The International Monetary Fund (IMF)-Pakistan relationship has a history of over 60 years, starting in 1958 with a loan agreement of $ 0.3 billion to the current 2019 loan of $ 6 billion with rollout of 22 agreements of which 12 were bailout packages, th
Published 18 May, 2019 12:00am

Meritocracy in democracy - I

PM Imran Khan surprised the nation by announcing the induction of a layer of competent meritocracy in the management of state affairs by replacing his economic team with experts from outside, namely, the Federal Finance Minister, Chairman FBR and Governor
Published 11 May, 2019 12:00am

IMF at the doorstep

In a promising development it appears that Prime Minister Imran Khan and the IMF Director Christine Lagarde developed good rapport and mutual understanding when they met last Friday on the sidelines of the second Belt & Road Forum in Beijing. During the m
Published 04 May, 2019 12:00am

What went wrong in nine months?

The PTI government started its tenure on a promising note, pledging that it would turn around the crippling economy that it had inherited from the PML-N government. The market sentiments, spurred by the hope of good times ahead, well reciprocated the enth
Published 27 Apr, 2019 12:00am

Digitalization of govt processes

In a promising development, PM Imran Khan appears to have recognised the importance of digitalization of government processes. For a long time, experts have been advocating digitalization as a way forward to improve state governance, make transparent the
Published 20 Apr, 2019 12:00am

Ease of doing Business

The PTI government on taking over the reins of the government recognised the importance of ease of doing business and its importance on exports, local & foreign investment, employment opportunities, revenue generation and growth of national economy.
Published 13 Apr, 2019 12:00am

Culture of NOCs and permits

Prime Minister Imran Khan last week presented to tbe nation his vision to manage the housing needs of the growing population in cities while safeguarding the green areas, play-grounds and ambience of cities by growing vertically through high-rise building
Published 06 Apr, 2019 12:00am

Appointments on merit

It is reported that Prime Minister Imran Khan has surrendered his discretionary powers, in favour of a uniform institutional mechanism to appoint Chief Executive Officers (CEOs) of around 65 State-Owned Enterprises (SOEs). The key organisations under imme
Published 30 Mar, 2019 12:00am

Public property being readied for sale

Prime Minister Imran Khan has said Pakistan is sitting on hundreds of billions of rupees in "dead capital" in the form of state land, rest houses and official residences built on that land.
Published 23 Mar, 2019 12:00am