06
FebThe IMF in perspective
By Sakib Sherani Published in Dawn on February 04, 2023 A POPULAR refrain of policymakers, many TV anchors and most public commentators in Pakistan is to vilify the IMF and to blame it for the country’s myriad economic woes ranging from the rupee ‘devaluation’ to inflation. To what extent is […]
02
FebThe case for sovereign default
By Nadir Cheema Published in Dawn on February 02, 2023 THE word ‘default’ (or its less pejorative technical equivalent, ‘restructuring’) sends shivers down the spines of our policymakers and citizens alike. It shouldn’t. Sovereign default, in an economic sense, means a government reneging on its obligations. Per this meaning, almost[…]
30
JanChronicle of a crisis foretold
By Murtaza Syed Published in The Express Tribune on January 30, 2023 With just $3.7 billion left in foreign exchange reserves, Pakistan is once again staring into the abyss. Only the IMF team’s arrival today offers a glimmer of hope that we will be able to stave off default. Eighteen[…]
Recalibrating governance – Part II
By Ishrat Husain Published in The News on January 27, 2023 The frequent takeovers by military regimes and the consequential screening of hundreds of civil servants led to the subservience of the civil service to military rulers, erosion of the authority of the traditional institutions of governance and loss of[…]
