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Apr 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Dr Hafiz A Pasha

Outlook for inflation
Markets

Outlook for inflation

ARTICLE: The year 2019-20 saw a return for some months to double-digit inflation for the first time after 2011-12....
Published 07 Jul, 2020 02:54am
IMF budgetary framework
Opinion

IMF budgetary framework

ARTICLE: The IMF has developed a budgetary framework from 2020-21 to 2024-25 for Pakistan as part of the report for...
Published 02 Jun, 2020 03:50am
The GDP growth rate
Opinion

The GDP growth rate

The Pakistan Bureau of Statistics (PBS) has revealed the final estimate of the GDP growth rate for 2018-19 and the preliminary estimate of the GDP growth rate for 2019-20. This is contrary to the past practice whereby GDP estimates were included in the Pa
Published 27 May, 2020 12:06am
The forthcoming budget
Opinion

The forthcoming budget

The Federal and Provincial Budgets for 2020-21 are expected to be announced in the month of June, starting with the presentation of the Federal Budget on the 5th of June. These budgets come at a time when the economy has been badly hit by the COVID-19 and
Published 19 May, 2020 12:02am
Emerging trends
Opinion

Emerging trends

The key macroeconomic variables of the national economy are beginning to show sharply divergent trends from those observed earlier since June 2019. This includes developments in the real economy, monetary sector, inflation, public finances and the balance
Published 12 May, 2020 12:06am
Social and economic trends
Opinion

Social and economic trends

The Pakistan Bureau of Statistics (PBS) has recently released the key findings from two major surveys - the Pakistan Social and Living Standards Measurement Survey (PSLSMS) and the Household Integrated Economic Survey (HIES) - of 2018-19. These efforts at
Published 28 Apr, 2020 12:54am
Targeting the poor and vulnerable
Opinion

Targeting the poor and vulnerable

The Coronavirus is going to have an adverse impact on the living standard of millions of families in Pakistan. Households which are already poor will suffer further deprivation. As the GDP growth rate plummets and actually falls in absolute magnitude, the
Published 07 Apr, 2020 12:00am
Analysis of monetary policy statement
Opinion

Analysis of monetary policy statement

The much-awaited Monetary Policy Statement (MPS) of the SBP was released a few days ago. It contains a review of the state of the economy and an assessment of the short-run prospects, based on which the Monetary Policy Committee (MPC) has decided on the p
Published 24 Mar, 2020 12:00am
Budgetary outcome in 2019-20
Opinion

Budgetary outcome in 2019-20

The Mid-term Budget Review of 2019-20 was presented recently to the National Assembly. The outcome in the first six months reveals success in limiting the primary deficit and achieving the target agreed with the IMF. In fact, a primary surplus has been ac
Published 17 Mar, 2020 12:00am
Dip in the rate of inflation
Opinion

Dip in the rate of inflation

There has been a noticeable drop in the rate of inflation on a year-to-year basis. The national Consumer Price Index (CPI) increased by 14.6 percent in January 2020. It has fallen by 2.2 percentage points to 12.4 percent in February 2020. However, it is p
Published 10 Mar, 2020 12:00am
FBR revenue shortfall
Opinion

FBR revenue shortfall

The shortfall in FBR revenues is likely to reach a record level this year. The magnitude of this shortfall will be the prime determinant of the extent to which the primary deficit in the budget diverges from the target level agreed with the IMF for 2019-2
Published 03 Mar, 2020 12:00am
State of public finances
Opinion

State of public finances

The previous financial year closed with the largest ever budget deficit. The magnitude was Rs 3,445 billion, equivalent to 8.9 percent of the GDP. The increase in relation to 2017-18 was 2.3 percent of the GDP. This severe deterioration in the state of pu
Published 25 Feb, 2020 12:00am
IMF second review
Opinion

IMF second review

The IMF staff review of the Extended Fund Facility has been completed and a press statement issued. There is need to appreciate efforts of the government in meeting all the six performance criteria again as was the case in the first programme review. This
Published 18 Feb, 2020 12:00am
IMF's projections
Opinion

IMF's projections

The article last week by me had assessed the projections made for 2019-20 by the IMF staff following the First Review. This article analyses the projections for the last two years of the Program, 2020-21 and 2021-22. The IMF projections for the next two y
Published 11 Feb, 2020 12:00am
IMF's projections for 2019-20
Opinion

IMF's projections for 2019-20

The first review report prepared by the IMF staff became available in late-December 2019. This followed the successful completion by Pakistan of this review. All the performance criteria were met. This has improved perceptions about the extent of success
Published 04 Feb, 2020 12:00am
Inflow of external financing
Opinion

Inflow of external financing

Pakistan's external debt and liabilities first crossed the level of $100 billion in March 2019. Consequently, the external debt to GDP ratio reached the peak of over 36 percent. Bulk of this debt is public in nature and accounts currently for almost 80 pe
Updated 28 Jan, 2020 04:57am