The State Bank of Pakistan’s (SBP) decision to reintroduce market-driven exchange rates from Jan 26 has started paying off dividends. After experiencing a massive, quick depreciation of 19.8 per cent value against the US dollar between Jan 26 and Feb 3, the rupee recovered 2.6pc of its lost value during the week ended on Feb 10. On that day it closed in the interbank market at Rs269.28 to a gre
In light of an unexpected relief in tax measures from the International Monetary Fund, the government has decided to take a proactive approach and implement tax and non-tax measures from Feb 15 instead of March 1 — the purported deadline proposed by the global lender — to secure quick release of $1.2 billion tranche. Ahead of the start of much-delayed talks, the government was expecting that th
Pakistan’s agriculture sector is short on growth and productivity compared to many other countries with comparable agro-climatic conditions. The most commonly cited constraints that widely explain our suboptimal agricultural productivity include limited usage of high-yielding seeds, insufficient application of fertilisers, inadequate water availability, ineffective extension services, and farmers’
The dismal economic conditions affecting the majority of the people, the growing chasm between the government and the discontented masses, divisive elitist politics, and rising militancy and violence have enhanced internal security risks. The earlier successes achieved by the military in subduing fanaticism have not been consolidated by economic development that could bring peace and prosperity
Moving with ‘Shehbaz Speed’, the government approved a Circular Debt Management Plan (CDMP) finalised in consultation with multilateral lenders hours after the International Monetary Fund (IMF) released an end-of-mission statement. At the outset, it took care of the backlog of pending tariff increases on the monthly, quarterly and permanent national average rate of electricity along with a futu