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Oct 05, 2023 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Waqar Masood Khan

Fragile stability
Markets

Fragile stability

The exchange rate developments in the last two days have had deeply disturbing effect on the economy. Economic agents are exasperated as to how the expectations they had formed a few days ago based on SBP governor's assurances, about the orderly conduct o
Published 28 Jun, 2019 12:00am
SBP governor's press conference
Markets

SBP governor's press conference

On Mo-nday, the Gove-rnor of SBP, Dr Reza Baqir, held his first press conference and covered a range of issues related to monetary and exchange rate policies as well as the IMF Programme. Since the staff level agreement with the Fund, this was the first o
Published 21 Jun, 2019 12:00am
SBP governor's press conference
Markets

SBP governor's press conference

On Mo-nday, the Gove-rnor of SBP, Dr Reza Baqir, held his first press conference and covered a range of issues related to monetary and exchange rate policies as well as the IMF Programme. Since the staff level agreement with the Fund, this was the first o
Published 21 Jun, 2019 12:00am
A new type of fiscal adjustment
Print

A new type of fiscal adjustment

It is not an easy task to discern the nature of fiscal adjustment inherent in the just announced budget unless we examine it within the context of debt dynamics that the country is facing and how they are addressed in the budget.
Published 14 Jun, 2019 12:00am
A new type of fiscal adjustment
Print

A new type of fiscal adjustment

It is not an easy task to discern the nature of fiscal adjustment inherent in the just announced budget unless we examine it within the context of debt dynamics that the country is facing and how they are addressed in the budget.
Published 14 Jun, 2019 12:00am
Fixing SBP borrowings
Print

Fixing SBP borrowings

Predictably, the Fund program has also focused on fixing the unbridled rise in government's borrowings from the central bank. For nearly three years, government has borrowed from the central bank without any restrain. In the process, the money and bond ma
Published 31 May, 2019 12:00am
Fixing SBP borrowings
Print

Fixing SBP borrowings

Predictably, the Fund program has also focused on fixing the unbridled rise in government's borrowings from the central bank. For nearly three years, government has borrowed from the central bank without any restrain. In the process, the money and bond ma
Published 31 May, 2019 12:00am
Fixing SBP borrowings
Print

Fixing SBP borrowings

Predictably, the Fund program has also focused on fixing the unbridled rise in government''s borrowings from the central bank. For nearly three years, government has borrowed from the central bank without any restrain. In the process, the money and bond m
Published 31 May, 2019 12:00am
Budget would be tough
Print

Budget would be tough

After a tumultuous week following the staff level agreement for an IMF program, rudimentary signs have started emerging for a stable macroeconomic framework. Since the start of the week, the stock market is not only calm it has signaled a cautious welcome
Published 24 May, 2019 12:00am
Budget would be tough
Print

Budget would be tough

After a tumultuous week following the staff level agreement for an IMF program, rudimentary signs have started emerging for a stable macroeconomic framework. Since the start of the week, the stock market is not only calm it has signaled a cautious welcome
Published 24 May, 2019 12:00am
IMF programme: The journey has just begun
Markets

IMF programme: The journey has just begun

The Fund program has finally been negotiated. However, it is only a milestone in the tortuous road to success. What would it take to successfully traverse the distance? We would reflect on this question. Getting a program is not a guarantee for its succes
Published 17 May, 2019 12:00am
IMF programme: The journey has just begun
Markets

IMF programme: The journey has just begun

The Fund program has finally been negotiated. However, it is only a milestone in the tortuous road to success. What would it take to successfully traverse the distance? We would reflect on this question. Getting a program is not a guarantee for its succes
Published 17 May, 2019 12:00am
Significance of Fifth Schedule of Customs Act
Print

Significance of Fifth Schedule of Customs Act

News reports have indicated that the Government was considering removing the Fifth Schedule of the Customs Act. This would be a major step that could potentially disturb the balance in customs law. To appreciate this, it is necessary to understand how the
Published 03 May, 2019 12:00am
Significance of Fifth Schedule of Customs Act
Print

Significance of Fifth Schedule of Customs Act

News reports have indicated that the Government was considering removing the Fifth Schedule of the Customs Act. This would be a major step that could potentially disturb the balance in customs law. To appreciate this, it is necessary to understand how the
Published 03 May, 2019 12:00am
Significance of Fifth Schedule of Customs Act
Print

Significance of Fifth Schedule of Customs Act

News reports have indicated that the Government was considering removing the Fifth Schedule of the Customs Act. This would be a major step that could potentially disturb the balance in customs law. To appreciate this, it is necessary to understand how the
Published 03 May, 2019 12:00am
Amnesty scheme humdrum
Print

Amnesty scheme humdrum

Amnesty schemes have been generally unsuccessful in Pakistan. Frequent announcement of such schemes has set a predictable pattern when the next scheme would be offered; the proposed new scheme is coming on the back of a previous scheme within less than a
Published 12 Apr, 2019 12:00am
Amnesty scheme humdrum
Print

Amnesty scheme humdrum

Amnesty schemes have been generally unsuccessful in Pakistan. Frequent announcement of such schemes has set a predictable pattern when the next scheme would be offered; the proposed new scheme is coming on the back of a previous scheme within less than a
Published 12 Apr, 2019 12:00am
Wither fiscal space!
Print

Wither fiscal space!

The Prime Minister on Wednesday has unveiled a programme of poverty alleviation under the Benazir Income Support Programme (BISP), named 'Ehsaas'. In the launching ceremony, he announced opening of a dedicated new ministry for this purpose. This would com
Published 29 Mar, 2019 12:00am
Wither fiscal space!
Print

Wither fiscal space!

The Prime Minister on Wednesday has unveiled a programme of poverty alleviation under the Benazir Income Support Programme (BISP), named 'Ehsaas'. In the launching ceremony, he announced opening of a dedicated new ministry for this purpose. This would com
Published 29 Mar, 2019 12:00am
No room for complacency
Print

No room for complacency

The balance of payments (BoP) data for the month of February is a breath of fresh air. There is an improvement of $2.6 billion during the 8-month period Jul-Feb in the current account, which is significant and something the policy makers were struggling t
Published 22 Mar, 2019 12:00am