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Dr Hafiz A Pasha

Dr Hafiz A Pasha

Business Recorder

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IMF projections for FY2024-25

The IMF Staff Report on the Second and Final Review under the Stand-by Arrangement was released on the 10th of May 2024. It contains a set of detailed...

tuesday 200

Business Recorder

Dr Hafiz A Pasha

The education emergency

Shehbaz Sharif declared an ‘education emergency’ across Pakistan on Wednesday, the 8th of May 2024. This is in recognition of the fact that with...

14.05.2024 100

Business Recorder

Dr Hafiz A Pasha

Uncertain budgetary outcome in 2023-24

The outcome numbers on the fiscal operations for the first three quarters of 2023-24 have been released recently by the Federal Ministry of Finance. ...

07.05.2024 70

Business Recorder

Dr Hafiz A Pasha

The falling rate of inflation

The last few months have witnessed a major drop in the rate of inflation as measured by the Consumer Price Index. According to the Pakistan Bureau of...

30.04.2024 90

Business Recorder

Dr Hafiz A Pasha

Persistent decline of manufacturing sector

The latest monthly data for February 2024 on the Quantum Index of Manufacturing (QIM) has been released recently by the Pakistan Bureau of Statistics....

23.04.2024 40

Business Recorder

Dr Hafiz A Pasha

The education crisis

The Prime Minister has rightly lamented recently on the lack of access to education of children generally and especially from poor families or those...

16.04.2024 100

Business Recorder

Dr Hafiz A Pasha

Contours of a new IMF programme-II

This is the second article on the contours of a new IMF Programme. The first article was published last week. It focused on the projected external...

09.04.2024 40

Business Recorder

Dr Hafiz A Pasha

Contours of new IMF programme

Prime Minister Shehbaz Sharif has reiterated recently the need for moving ahead with a new IMF (International Monetary Fund) programme for a longer...

02.04.2024 50

Business Recorder

Dr Hafiz A Pasha

Attacks on the NFC Award

There have recently been some attacks on the 7th NFC award relating to the distribution of federal tax revenues between the federal and provincial...

26.03.2024 200

Business Recorder

Dr Hafiz A Pasha

Pakistan falls in human development

The global Human Development Report of 2023-24 has been released recently by the United Nations Development Program (UNDP) from New York. Since 1990,...

19.03.2024 200

Business Recorder

Dr Hafiz A Pasha

Dip in the rate of inflation

There has been a visible and welcome slowdown in the rate of inflation in February 2024. The year-to-year rate of inflation has come down from 28.3%...

12.03.2024 70

Business Recorder

Dr Hafiz A Pasha

Economic contradictions

There are a number of economic events and happenings in Pakistan which are difficult to find immediate and rational explanations for. This is the...

05.03.2024 70

Business Recorder

Dr Hafiz A Pasha

Outlook for BoP

The balance of payments (BoP) statistics released by the State Bank of Pakistan for the period July 2023 to January 2024 reveal a positive picture....

27.02.2024 70

Business Recorder

Dr Hafiz A Pasha

Targets in the PML-N manifesto

The manifesto of the Pakistan Muslim League-Nawaz (PML-N) contains a set of key macroeconomic targets from 2023-24 to 2028-29. This is the five-year...

20.02.2024 40

Business Recorder

Dr Hafiz A Pasha

Latest IMF projections

The Staff Report of the IMF on the First Review under the Stand-By Arrangement was released on the 19th of January 2024. It contains a revised set of...

13.02.2024 70

Business Recorder

Dr Hafiz A Pasha

Budgetary outcome in first half of FY24

The information on the fiscal operations by the federal and the provincial governments in the first half of 2023-24 has been released by the federal...

06.02.2024 20

Business Recorder

Dr Hafiz A Pasha

Rising poverty

The incidence of poverty has skyrocketed in Pakistan since the Covid-19 pandemic and the disastrous floods of 2022. The years 2019-20 and 2022-23 both...

30.01.2024 100

Business Recorder

Dr Hafiz A Pasha

Post-general election economic outlook

Elections will hopefully be held in the next two weeks. They are taking place at a time when the economy continues to be characterized by severe...

23.01.2024 50

Business Recorder

Dr Hafiz A Pasha

IMF projections

The good news is that the IMF Executive Board has completed the First Review of the Stand-By Arrangement for Pakistan and authorized the immediate...

16.01.2024 40

Business Recorder

Dr Hafiz A Pasha

Concerns of the World Bank

An article titled “Economic Turnaround Moment?” has recently been published in the newspaper, Dawn. It has been written by Martin Raiser, World...

09.01.2024 100

Business Recorder

Dr Hafiz A Pasha

Problematic statistics

The Pakistan Bureau of Statistics (PBS) has been endeavoring to improve the quality and coverage of statistics in Pakistan. These efforts include the...

02.01.2024 50

Business Recorder

Dr Hafiz A Pasha

Fall in industrial production

The statistics on the Quantum Index of Manufacturing (QIM) has been released by the Pakistan Bureau of Statistics (PBS) for the month of October 2023....

26.12.2023 80

Business Recorder

Dr Hafiz A Pasha

Outlook for inflation

The statement released recently by the Monetary Policy Committee of the SBP (State Bank of Pakistan) indicates that the policy rate will remain...

19.12.2023 20

Business Recorder

Dr Hafiz A Pasha

Mixed economic trends

The first five months of 2023-24 have witnessed upturns and downturns both globally and within Pakistan. There was earlier some evidence that the...

12.12.2023 40

Business Recorder

Dr Hafiz A Pasha

Growth in federal tax revenues

The Federal Board of Revenue (FBR) has released recently the Revenue Division Year Book for 2022-23. This is a very useful publication and highlights...

05.12.2023 40

Business Recorder

Dr Hafiz A Pasha

Unusual balance of payments

The data on the balance of payments in the first four months of 2023-24 has been released recently by the SBP (State Bank of Pakistan). There are both...

28.11.2023 50

Business Recorder

Dr Hafiz A Pasha

Low inflows of external financing

The first quarterly review of the IMF (International Monetary Fund) Stand-by Facility has been successfully accomplished by the Government. The...

21.11.2023 20

Business Recorder

Dr Hafiz A Pasha

SBP projections for 2023-24

The Annual Report for 2022-23 on the State of the Economy by the SBP has been released recently. Along with a detailed review of developments on...

07.11.2023 80

Business Recorder

Dr Hafiz A Pasha

Budgetary outcome in first quarter

The information on fiscal operations in the first quarter of 2023-24 by the Federal and the four Provincial governments has been released recently by...

31.10.2023 50

Business Recorder

Dr Hafiz A Pasha

Value of PKR

There have been unusual developments in the value of the rupee (PKR) during the last seven weeks. From a trend in the form of a declining value with...

24.10.2023 30

Business Recorder

Dr Hafiz A Pasha

The state of provincial finances

The financial year, 2023-24, has started with an ambitious target for generation of cash surpluses by the four provincial governments by the end of...

17.10.2023 30

Business Recorder

Dr Hafiz A Pasha

Spurt in inflation

The Pakistan Bureau of Statistics (PBS) has released the estimate of the rate of inflation in the national Consumer Price Index in September 2023....

10.10.2023 40

Business Recorder

Dr Hafiz A Pasha

Improving tax compliance

The caretaker government has set up a tax reforms taskforce to come up with recommendations to close the ‘tax gap’ due to weak compliance, without...

03.10.2023 40

Business Recorder

Dr Hafiz A Pasha

Fall in industrial production

The estimate of the Quantum Index of Manufacturing (QIM) for the month of July 2023 has recently been released by the Pakistan Bureau of Statistics....

26.09.2023 50

Business Recorder

Dr Hafiz A Pasha

Early warning signs

The first quarter of 2023-24 is about to come to an end. It has been an eventful quarter. It started well with the finalization of the Stand-By...

19.09.2023 60

Business Recorder

Dr Hafiz A Pasha

Balochistan falls behind

Balochistan is the smallest province of Pakistan, with a share of 6.2% in the national population, according to the 2023 Population Census. However,...

12.09.2023 80

Business Recorder

Dr Hafiz A Pasha

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