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Mohiuddin Aazim

Mohiuddin Aazim

Dawn Business

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Shaping up the economy

Shaping up the economy

During this fiscal year, both remittances and exports are doing better than before, but signs of foreign investment leapfrogging to the next big level...

latest 40

Dawn Business

Mohiuddin Aazim

This fiscal year could help govt keep its cost of domestic debt servicing low, reduce its need for borrowing from banks

This fiscal year could help govt keep its cost of domestic debt servicing low, reduce its need for borrowing from banks

PAKISTAN’S total foreign exchange reserves rose to $16.04 billion by the end of January 2025 from $13.99bn in June 2024, according to the State Bank...

11.02.2025 30

Dawn Business

Mohiuddin Aazim

Splurging of public money continues, which may necessitate govt borrowing to increase again

Pakistan’s Foreign Office adjusted its position — within a week — on US President Donald Trump’s announcement about retrieving leftover...

04.02.2025 20

Dawn Business

Mohiuddin Aazim

With millions of ordinary Pakistanis unemployed and below the poverty line, all energies must be focused on economic growth this year

With millions of ordinary Pakistanis unemployed and below the poverty line, all energies must be focused on economic growth this year

Pakistan’s deep state is watching every action of the second Trump administration in the US cautiously. PTI, the main opposition party, thinks the...

28.01.2025 20

Dawn Business

Mohiuddin Aazim

National security, broader alignment with emerging world order seen as Pakistan’s new priorities

National security and broader alignment with the emerging world order have emerged as Pakistan’s new priorities, something politicians and the...

21.01.2025 10

Dawn Business

Mohiuddin Aazim

Uraan plan must prioritise food security, female empowerment to incur any meaningful change in country

The United Arab Emirates has agreed to roll over its $2 billion debt due for repayment this month. This decision should help the State Bank keep the...

14.01.2025 30

Dawn Business

Mohiuddin Aazim

Pakistan’s internal issues paired with external challenges merit charter of economy

Pakistan’s external sector is in trouble. Growth in exports is losing steam, and imports are growing, expanding the trade deficit. The country’s...

06.01.2025 10

Dawn Business

Mohiuddin Aazim

Inflationary success — an illusion in real terms

Only real gentlemen can win the hearts of proud, beautiful women. Only economic wizards can dare court price stability. Reaching the goal takes...

31.12.2024 4

Dawn Business

Mohiuddin Aazim

Mixed progress as inflation, interest rates decline but unemployment remains high

Pakistan’s quest for economic stability continues, with some indicators showing significant improvement while others depict the plight of the...

24.12.2024 4

Dawn Business

Mohiuddin Aazim

Inefficiencies of electricity supply companies leave little fiscal space for govt to invest in economic welfare of citizens

Pakistan’s electricity supply companies caused a staggering Rs660 billion loss to the national exchequer in the last fiscal year ending June 30,...

17.12.2024 10

Dawn Business

Mohiuddin Aazim

By addressing systemic issues, Pakistan can break free from cycle of economic stagnation, move towards sustainable development

Often, Pakistan’s economic managers find themselves in a perpetual fire-fighting mode. This is largely because state-owned enterprises (SOEs)...

10.12.2024 4

Dawn Business

Mohiuddin Aazim

No regime to bring stable growth to economy until higher-ups address systemic issues

Pakistan’s economy appears to be on a path to recovery, but growing political instability threatens to derail this progress. To ensure the recovery...

02.12.2024 4

Dawn Business

Mohiuddin Aazim

Banks must balance their natural urge to boost profits with the need to lend more to private sector businesses

Banks play a crucial role in the economy. If they align their goals with the broader goals of economic stability, growth and development their...

25.11.2024 5

Dawn Business

Mohiuddin Aazim

Low growth in agriculture could stifle food exports unless the government involves actual stakeholders and industry experts

currently under obligations of the $7 billion International Monetary Fund (IMF) loan conditions, Pakistan will bring agriculture under full...

18.11.2024 3

Dawn Business

Mohiuddin Aazim

Internal politics, external global conflicts may put economy in dire straits unless country focuses on foreign investment

Pakistan has made appreciable gains in the external sector, particularly in goods exports and remittances during the first quarter of FY25 (July-...

28.10.2024 6

Dawn Business

Mohiuddin Aazim

Remittances should be redirected towards education and health development

The State Bank of Pakistan says the Pakistan economy could grow between 2.5 per cent and 3.5pc during this fiscal year ending in June 2025. Even a...

21.10.2024 3

Dawn Business

Mohiuddin Aazim

Fragility of economic recovery

Israel and Iran are on the brink of an all-out war, with the US militarily ready “to defend” Israel. International oil prices have already risen...

07.10.2024 4

Dawn Business

Mohiuddin Aazim

Most long-term economic plans fail when a new regime discards initial policies

The rise in foreign exchange reserves and increase in exports and remittances sound like good news; however, the high level of indebtedness keeps...

23.09.2024 10

Dawn Business

Mohiuddin Aazim

Interest rate cut won’t be helpful unless commercial banks prioritise lending to SMEs

The recent cut in the interest rate by the State Bank of Pakistan (SBP) is well-calculated and well-timed. The 200 basis points cut in the central...

16.09.2024 4

Dawn Business

Mohiuddin Aazim

Finance: Who will help the little guys?

Sindh government is set to buy 138 double-cabin vehicles for assistant commissioners at a cost of around Rs2 billion, according to a Sept 2 Dawn...

09.09.2024 5

Dawn Business

Mohiuddin Aazim

Pakistan’s current economic situation requires more FDI to help create jobs

Net foreign investment inflows into Pakistan totalled $305 million in July 2024, the first month of FY25, from just $105.5m in July 2023. Terrific....

02.09.2024 4

Dawn Business

Mohiuddin Aazim

Excessive borrowing, debt servicing to persist

During the last fiscal year, the government’s borrowings for budgetary support had almost doubled to Rs7.48 trillion from Rs3.75tr a year ago,...

26.08.2024 10

Dawn Business

Mohiuddin Aazim

Harnessing flood energy can address water, power scarcity

Working online was a frustrating experience for the past three weeks, thanks to the installation of an upgraded “web management system” by the...

19.08.2024 3

Dawn Business

Mohiuddin Aazim

Corruption, inequality can lead to political upheaval in Pakistan

The August 5 Bangladesh revolution shows that repressive and corrupt regimes have no future in the new political order being defined by the...

12.08.2024 3

Dawn Business

Mohiuddin Aazim

Pakistan’s economy in the balance amid growing geopolitical strife

In July 2024, the first month of the new fiscal year FY25, Pakistan’s trade deficit soared 19.7 per cent to $1.9 billion as imports grew much...

05.08.2024 3

Dawn Business

Mohiuddin Aazim

Domestic debt servicing continues to plague Pakistan

Life for ordinary Pakistanis may continue to be challenging not only through this fiscal year but for the next two years as well due to the high...

22.07.2024 2

Dawn Business

Mohiuddin Aazim

The recent rise in taxation rates and continually rising energy prices also challenge services exports

In the last fiscal year, Pakistan managed to cut its goods’ trade deficit to about $24.1 billion from around $27.5bn a year ago because of a 10.5...

15.07.2024 2

Dawn Business

Mohiuddin Aazim