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Dr Hafiz A Pasha

Dr Hafiz A Pasha

Business Recorder

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Value of the rupee

Value of the rupee

The SBP has released the estimate of the Real Effective Exchange Rate (REER) Index of the rupee in December 2024. It stands at 103.7, as compared to...

22.01.2025 40

Business Recorder

Dr Hafiz A Pasha

Growth in exports

Growth in exports

Pakistan’s merchandize exports have shown double-digit growth rate of 10.5 percent in the first half of 2024-25. This must be deemed a good...

15.01.2025 50

Business Recorder

Dr Hafiz A Pasha

Review of the IMF programme

Review of the IMF programme

This is the appropriate time to review progress on implementation of the reforms committed to the IMF in the new IMF Extended Fund Facility of...

08.01.2025 70

Business Recorder

Dr Hafiz A Pasha

Prospects for 2025

The year 2025 will come after a year which has witnessed both positive and negative trends. The GDP growth rate has shown no improvement and has...

01.01.2025 30

Business Recorder

Dr Hafiz A Pasha

Imbalanced balance of payments

There has been celebration about the surplus of USD 944 million from July to November 2024 in the current account (C/A) of the balance of payments....

25.12.2024 9

Business Recorder

Dr Hafiz A Pasha

Fall in the rate of inflation

The very good news is that there has been a precipitate drop in the rate of inflation, as measured by the Consumer Price Index (CPI) of the...

18.12.2024 20

Business Recorder

Dr Hafiz A Pasha

Human development index of provinces

The Population and Housing Census of 2023 has generated a lot of useful information on key indicators. The statistics are available at the...

11.12.2024 6

Business Recorder

Dr Hafiz A Pasha

Falling industrial production

The statistics on the Quantum Index of Manufacturing (QIM) has been released recently for the first quarter of 2024-25 by the Pakistan Bureau of...

03.12.2024 6

Business Recorder

Dr Hafiz A Pasha

Level of external inflows

The level of external inflows into Pakistan is of vital importance in ensuring a ‘safe’ level of foreign exchange reserves and ensuring...

26.11.2024 2

Business Recorder

Dr Hafiz A Pasha

Problems with IMF projections—II

The previous article had highlighted the problems with the macroeconomic projections by the IMF in the Staff Report of September 2024 on the new...

19.11.2024 5

Business Recorder

Dr Hafiz A Pasha

Problem with IMF projections

An IMF delegation has probably arrived in Pakistan to conduct a ‘stock-taking’ as indicated by the Finance Minister. This is, therefore, the...

12.11.2024 1

Business Recorder

Dr Hafiz A Pasha

Fiscal outcome in first quarter

The first quarter of 2024-25 has closed with an unusual and extremely positive outcome. There is actually a budgetary surplus of Rs1,537 billion....

05.11.2024 50

Business Recorder

Dr Hafiz A Pasha

Structural reforms in IMF programme

The Staff Report on the new 37-month Extended Fund Facility by the IMF of $7 billion contains a number of structural benchmarks, along with their...

29.10.2024 8

Business Recorder

Dr Hafiz A Pasha

Performance targets in IMF programme

The newly approved IMF Programme in the form of a 37-month Extended Fund Facility can be considered as perhaps the toughest ever for Pakistan. This...

22.10.2024 5

Business Recorder

Dr Hafiz A Pasha

Macroeconomic projections of IMF, WB

There have been two very recent sets of macroeconomic projections for Pakistan. The first is in the IMF Staff Report on the Extended Fund Facility...

15.10.2024 3

Business Recorder

Dr Hafiz A Pasha

Emerging negative factors

There is an air of general optimism about the economy today. The Extended Fund Facility of $7 billion was approved by the IMF Executive Board...

08.10.2024 2

Business Recorder

Dr Hafiz A Pasha

The investment slump

The year, 2023-24, has witnessed the lowest ever level of fixed investment in Pakistan. It is estimated at 11.4% of the GDP. This is in comparison...

01.10.2024 3

Business Recorder

Dr Hafiz A Pasha

Mixed signals on the economy

The first quarter of 2024-25 is going to come to an end shortly. During these three months, there have been a number of developments on the...

24.09.2024 1

Business Recorder

Dr Hafiz A Pasha

Rising public debt

The SBP (State Bank of Pakistan) has released figures of total debt and public debt of Pakistan as of end-June 2024. The total public debt of the...

19.09.2024 10

Business Recorder

Dr Hafiz A Pasha

FBR revenue targets for 2024-25

The first two months of 2024-25 have already revealed serious problems with the overall and individual revenue targets for FBR taxes....

10.09.2024 1

Business Recorder

Dr Hafiz A Pasha

Sectoral growth patterns in FY2023-24

The latest Pakistan Economic Survey for 2023-24, released in June, contains a comprehensive set of estimates on the multifarious features of the...

03.09.2024 1

Business Recorder

Dr Hafiz A Pasha

Social sector spending

The Federal Ministry of Finance has released the estimates of poverty-related expenditures for 2022-23. Thanks are due to the PRSP Secretariat of...

27.08.2024 3

Business Recorder

Dr Hafiz A Pasha

Findings of 2023 population census

The Pakistan Bureau of Statistics (PBS) has recently disseminated the detailed results of the 7th Population and Housing Census of Pakistan,...

20.08.2024 10

Business Recorder

Dr Hafiz A Pasha

Budgetary outcome in 2023-24

The statistics on the outcome of fiscal operations by the federal and provincial governments in 2023-24 were released recently by the federal...

13.08.2024 3

Business Recorder

Dr Hafiz A Pasha

Medium-term budget strategy

The Federal Ministry of Finance has released the Medium-Term Budget Strategy Statement for the period, 2024-25 to 2026-27. The Fiscal...

06.08.2024 2

Business Recorder

Dr Hafiz A Pasha

A fragile balance of payments

The statistics on the external balance of payments of Pakistan in 2023-24 were released last week by the SBP (State Bank of Pakistan). These...

30.07.2024 10

Business Recorder

Dr Hafiz A Pasha

Provincial budgets for FY2024-25

The provincial budgets for 2024-25 have all been presented last month in the respective Provincial Assemblies. However, they have not received much...

23.07.2024 4

Business Recorder

Dr Hafiz A Pasha