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Dr Hafiz A Pasha

Slow growth in exports
Markets

Slow growth in exports

The performance of exports in the first eight months of 2018-19 has been disappointing. According to the monthly trade statistics of the PBS the growth rate registered in dollar terms is only 2 percent in comparison with the level achieved in the correspo
Published 19 Mar, 2019 12:00am
External debt exceeds $100 billion
Print

External debt exceeds $100 billion

Pakistan's external debt has crossed $100 billion by the end of January 2019. It now stands at just over $101 billion. The level of external debt was $95.3 billion at the start of the current financial year. In seven months, it has increased by $5.7 billi
Published 12 Mar, 2019 12:00am
The employment Situation
Print

The employment Situation

The findings from the Labor Force Survey (LFS) of 2017-18 have been released recently by the Pakistan Bureau of Statistics (PBS). The last such survey was for 2014-15. There is need to appreciate the speed with which a survey of 43,472 households was unde
Published 05 Mar, 2019 12:00am
Fall in revenues
Print

Fall in revenues

The unprecedented has happened. National revenues, tax plus non-tax, of the Federal and provincial governments combined have actually fallen. They stand at Rs 2335 billion in the first six months of the current financial year. This is a fall of Rs 56 bill
Published 26 Feb, 2019 12:00am
More stagflation
Markets

More stagflation

The last few weeks have witnessed deterioration in the state of the economy. This is the consequence of the lagged impact of a number of steps taken earlier including the big cut in development spending, steep devaluation of the rupee, hike in interest ra
Published 19 Feb, 2019 12:00am
Public expenditure priorities
Print

Public expenditure priorities

The level of expenditure of the federal and provincial governments combined has been rising continuously. It was at 17 percent of the GDP at the turn of the century. Seventeen years later, in 2017-18, it has approached 22 percent of the GDP.
Published 12 Feb, 2019 12:00am
The 9th NFC
Print

The 9th NFC

The 9th NFC is scheduled to have its first meeting on the 6th of February. The previous 7th NFC Award was signed and then promulgated on by the President of Pakistan in 2010. As per the provisions of Article 160 of the Constitution the Award was to be val
Published 05 Feb, 2019 12:00am
Appraisal of the 'mini-budget'
Markets

Appraisal of the 'mini-budget'

The article written by me in Business Recorder on Monday 21st of January 2019 had speculated that the primary motive for presentation of the Mini-Budget was to control the burgeoning budget deficit in the on-going fiscal year, 2018-19. The first si
Published 29 Jan, 2019 12:00am
The upcoming ''mini-budget''
Print

The upcoming ''mini-budget''

The Fin-ance Minister has announced that he will be presenting a ''Mini-Budget'' on the 23rd of January, a few days away. In effect, this will be the third Budget presentation in a financial year and has probably never happened before. The process started
Published 21 Jan, 2019 12:00am
The upcoming 'mini-budget'
Print

The upcoming 'mini-budget'

The Fin-ance Minister has announced that he will be presenting a 'Mini-Budget' on the 23rd of January, a few days away. In effect, this will be the third Budget presentation in a financial year and has probably never happened before. The process started i
Published 21 Jan, 2019 12:00am
The upcoming ''''mini-budget''''
Print

The upcoming ''''mini-budget''''

The Fin-ance Minister has announced that he will be presenting a ''''Mini-Budget'''' on the 23rd of January, a few days away. In effect, this will be the third Budget presentation in a financial year and has probably never happened before. The process sta
Published 21 Jan, 2019 12:00am
The upcoming 'mini-budget'
Print

The upcoming 'mini-budget'

The Fin-ance Minister has announced that he will be presenting a 'Mini-Budget' on the 23rd of January, a few days away. In effect, this will be the third Budget presentation in a financial year and has probably never happened before. The process started i
Published 21 Jan, 2019 12:00am
Medium-term budgetary framework
Print

Medium-term budgetary framework

The presentation of the Federal Budget for any particular year always contains a final chapter in the Budget-in-Brief document on the Medium-term Budgetary Framework (MTBF). This indicates the strategy of the Government in terms of ensuring sustainability
Published 15 Jan, 2019 12:00am
Outlook for 2019
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Outlook for 2019

The year 2018 has ended with a hangover of uncertainty on the economic, political and social fronts. Consequently, the outlook for 2019 is seen with some trepidation. Will the incipient domestic financial crisis finally be overcome or will there be a veri
Published 08 Jan, 2019 12:00am
Reducing the primary deficit
Print

Reducing the primary deficit

Reports on the on-going negotiations between the Ministry of Finance (MOF) and the IMF reveal that among the many steps and reforms being discussed a heavy emphasis is being placed by the IMF on improvement in the state of public finances of the country.
Published 01 Jan, 2019 12:00am