menu_open Columnists
Dr Hafiz A Pasha

Dr Hafiz A Pasha

Business Recorder

We use cookies to provide some features and experiences in QOSHE

More information  .  Close

OPINION: IMF programme review

The IMF Staff Mission is arriving shortly in Pakistan to undertake the third review of the Extended Facility to Pakistan and the second review of the...

05.02.2026 30

Business Recorder

Dr Hafiz A Pasha

OPINION: Findings of the household survey

The Pakistan Bureau of Statistics (PBS) has released recently the findings from the Household Integrated Economic Survey (HIES). This survey was...

21.01.2026 50

Business Recorder

Dr Hafiz A Pasha

OPINION: State of BoP

The SBP (State Bank of Pakistan) has released the figures of the balance of payments (BoP) of Pakistan for the first five months of 2025-26. The...

24.12.2025 40

Business Recorder

Dr Hafiz A Pasha

State of BoP

The SBP (State Bank of Pakistan) has released the figures of the balance of payments (BoP) of Pakistan for the first five months of 2025-26. The...

24.12.2025 40

Business Recorder

Dr Hafiz A Pasha

OPINION: IMF projections for FY2025-26

The Staff Report of the IMF after the completion by the Executive Board of the second review of the IMF Programme contains a set of macroeconomic...

17.12.2025 40

Business Recorder

Dr Hafiz A Pasha

IMF projections for FY2025-26

The Staff Report of the IMF after the completion by the Executive Board of the second review of the IMF Programme contains a set of macroeconomic...

17.12.2025 700

Business Recorder

Dr Hafiz A Pasha

OPINION: Inflow of external financing

Pakistan continues to face extraordinary pressure to ensure large and sustained inflows of external financing. The foreign exchange reserves are at a...

10.12.2025 50

Business Recorder

Dr Hafiz A Pasha

Inflow of external financing

Pakistan continues to face extraordinary pressure to ensure large and sustained inflows of external financing. The foreign exchange reserves are at a...

10.12.2025 60

Business Recorder

Dr Hafiz A Pasha

Opinion: Absorption of youth

The Prime Minister recently launched the Youth Laptop Scheme 2025. Laptops were awarded to high achieving students at the launching ceremony. While...

13.11.2025 50

Business Recorder

Dr Hafiz A Pasha

LSM stagnation

The large-scale manufacturing (LSM) sector has historically been one of the dynamic sectors in the national economy. For example, in the first decade...

05.11.2025 40

Business Recorder

Dr Hafiz A Pasha

Fragile balance of payments

The figures on the balance of payments for Pakistan for the first quarter of 2025-26 have been released recently by the SBP (State Bank of Pakistan). ...

30.10.2025 60

Business Recorder

Dr Hafiz A Pasha

Foreign investment in Pakistan

The inflows of foreign investment in Pakistan have been extremely variable in nature. An analysis of the data from 1999-2000 onwards reveals...

23.10.2025 80

Business Recorder

Dr Hafiz A Pasha

Rising poverty

The damage inflicted by the floods on the livelihoods of millions of people has once again raised concerns about the high and rising level of poverty...

02.10.2025 70

Business Recorder

Dr Hafiz A Pasha

IMF programme review

The IMF Staff Mission is arriving shortly in Pakistan to undertake the second review of the on-going IMF Extended Fund Facility of USD 7 billion....

24.09.2025 40

Business Recorder

Dr Hafiz A Pasha

Public debt burden

The State Bank of Pakistan has recently released estimates of the stock of debt of the country as of the end of 2024-25. The total debt is estimated...

17.09.2025 50

Business Recorder

Dr Hafiz A Pasha

Findings of the agricultural census

The findings of the Agricultural Census of 2024 have been released recently by the Pakistan Bureau of Statistics (PBS). This was also a digital...

10.09.2025 70

Business Recorder

Dr Hafiz A Pasha

Performance of the provincial economies

The President constituted the 11th National Finance Commission recently to announce a new award for the sharing of the federal tax revenues between...

03.09.2025 80

Business Recorder

Dr Hafiz A Pasha

The youth bulge and idle youth

The Population and Housing Census of 2023 provides very useful information on the living conditions of the over 241 million people of Pakistan. The...

27.08.2025 80

Business Recorder

Dr Hafiz A Pasha

The slump in LSM

The large-scale manufacturing (LSM) sector has historically been one of the most buoyant sectors in the economy contributing thereby to higher GDP...

20.08.2025 60

Business Recorder

Dr Hafiz A Pasha

Budgetary outcome in 2024-25

The detailed statistics on the fiscal operations by the federal and the provincial governments have recently been released by the Federal Ministry of...

13.08.2025 50

Business Recorder

Dr Hafiz A Pasha

Fall in real incomes and rise in poverty

The last three years have witnessed a negative combination of low GDP growth rate and high rate of inflation. This has led to two types of impacts....

06.08.2025 40

Business Recorder

Dr Hafiz A Pasha

FBR revenue target

The FBR revenue target always features as a key indicative target in the review process of IMF Programmes. The level of FBR revenues is also a key...

30.07.2025 40

Business Recorder

Dr Hafiz A Pasha

The balance of payments

The balance of payments figures of Pakistan for the full year, 2024-25, were released a few days ago by the SBP. There is an overall balance of...

23.07.2025 60

Business Recorder

Dr Hafiz A Pasha

Focusing on shelter

The federal budget of 2025-26 has given a negative signal on the priority to be attached to shelter. The mark-up subsidy of over Rs 21 billion in...

16.07.2025 40

Business Recorder

Dr Hafiz A Pasha

The investment slump

The investment figures for 2024-25 released by the Pakistan Bureau of Statistics (PBS) portray a truly dismal picture. They reveal a sharp downward...

09.07.2025 50

Business Recorder

Dr Hafiz A Pasha

Outlook for public finances

The federal and provincial budgets for 2025-26 have generally been approved by the respective legislative fora. Therefore, it is possible to get an...

02.07.2025 40

Business Recorder

Dr Hafiz A Pasha

The provincial budgets of FY26

The four provincial budgets were announced last week. The first budget presented was that of Sindh, followed by Punjab, Khyber-Pakhtunkhwa and...

25.06.2025 50

Business Recorder

Dr Hafiz A Pasha

The federal budget of FY2025-26

The federal budget for 2025-26 has been announced recently. This has led to wide-ranging discussions in the media about the issues not addressed or...

18.06.2025 50

Business Recorder

Dr Hafiz A Pasha

Provincial budgets of 2025-26

There is generally a greater focus on the prospects for and likely features of the federal budget in the days before its presentation. This is...

11.06.2025 80

Business Recorder

Dr Hafiz A Pasha

External financing in FY2025-26

One of the key indicators in the federal budget is the projected level of external financing to partly finance the budget deficit. The expectation in...

04.06.2025 40

Business Recorder

Dr Hafiz A Pasha

FY2025-26: Budget estimates

The federal and provincial budgets for 2025-26 are likely to be announced in early June. Already, the first review report by the IMF Staff, which was...

28.05.2025 60

Business Recorder

Dr Hafiz A Pasha

IMF macroeconomic projections

The press release of the 9th of May by the IMF highlights that the IMF Executive Board has completed the first review of the Extended Fund Facility...

21.05.2025 40

Business Recorder

Dr Hafiz A Pasha

The burden of govt debt

The government debt outstanding is the debt that is to be serviced out of the Federal Consolidated Fund plus the debt with the IMF. It stands at Rs...

14.05.2025 40

Business Recorder

Dr Hafiz A Pasha

Tax revenue target for 2025-26

The process of preparation of the federal and provincial budgets is underway now and the respective budgets will be announced in the earlier part of...

07.05.2025 50

Business Recorder

Dr Hafiz A Pasha

State of the economy

The previous week’s article had focused on the growth performance of the economy from July 2024 to March 2025. An assessment was made of the likely...

30.04.2025 40

Business Recorder

Dr Hafiz A Pasha

State of the economy

The first three quarters of 2024-25 have come to an end. This is the appropriate time for reviewing the state of the economy, as the federal and...

23.04.2025 70

Business Recorder

Dr Hafiz A Pasha