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Dr Omer Javed

Dr Omer Javed

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Debt crisis and SDGs

’Today, 3.3 billion people live in countries that spend more on interest payments than on health, and 2.1 billion live in countries that spend more...

12.07.2025 40

Business Recorder

Dr Omer Javed

4th International Conference on Financing for Development Debt and Climate — II

Sadly, unlike the lack of media coverage, and very little discussion of policy circles on this – both on the government, and opposition sides, and...

05.07.2025 20

Business Recorder

Dr Omer Javed

Debt and climate — I

While geopolitical conflict has unfortunately taken centre-stage, it is in fact debt and climate that is among the most pressing challenges facing...

28.06.2025 30

Business Recorder

Dr Omer Javed

Policy issues in the EFF programme — III

Covid-19 pandemic, and then the catastrophic floods in 2022, both of which had significant climate change causality – towards which Pakistan has...

21.06.2025 40

Business Recorder

Dr Omer Javed

Policy issues in the EFF programme – II

In addition, lack of adequate regulatory capacity means that it is very likely, as has been the case in real markets, for example, agriculture, left...

14.06.2025 20

Business Recorder

Dr Omer Javed

Policy issues in EFF programme — I

Pakistan’s Extended Fund Facility (EFF) programme with International Monetary Fund (IMF), which as per one of its benchmarks also forms the basis of...

07.06.2025 20

Business Recorder

Dr Omer Javed

Reflections on recently-released country report by IMF

The recently released International Monetary Fund’s (IMF’s, or simply the ‘Fund’s’) country report, indicated completion of the first review...

24.05.2025 10

Business Recorder

Dr Omer Javed

Mission-oriented economic policy

There seems to be a lot of focus on the working of ministry of finance, which is not to say that its role is in any way less important than other...

17.05.2025 40

Business Recorder

Dr Omer Javed

Rationalizing priorities for federal and provincial budgets

For a country to be among the top ten countries in the world in terms of population, and with more than 60 percent of its population below 30 years of...

10.05.2025 10

Business Recorder

Dr Omer Javed

Uncertainty, protectionism, and resilience

In the wake of the pandemic, and the fast-unfolding of the climate change crisis has basically brought into focus the cracks in the supply chains...

03.05.2025 40

Business Recorder

Dr Omer Javed

Urgent need for deep economic policy thinking

China in the 1980s was quite similar to Pakistan in terms of economic orientation – mainly an agriculture sector, and one that was trying to...

26.04.2025 20

Business Recorder

Dr Omer Javed

Tariffs and non-neoliberal globalisation – I

When there is something fundamentally wrong, it needs to be fixed to the extent that those fundamentals get corrected through a policy that takes...

12.04.2025 40

Business Recorder

Dr Omer Javed

Tariffs and non-neoliberal globalization – I

When there is something fundamentally wrong, it needs to be fixed to the extent that those fundamentals get corrected through a policy that takes...

12.04.2025 20

Business Recorder

Dr Omer Javed

Issues in provision of adequate level of climate finance

The World Bank Group (WBG) in its 2023 released ‘Pakistan – Country climate and development report’ pointed out that’The total investment...

05.04.2025 80

Business Recorder

Dr Omer Javed

Getting out of the economic boom-bust cycle

Since independence, Pakistan has largely remained a consumption-oriented economy, and together with this, growth mostly has come from light industrial...

29.03.2025 20

Business Recorder

Dr Omer Javed

Domestic economic thought, profession, and ‘dual-track’ pricing mechanism

Although Pakistan came into existence at a time when there was a deeply renewed focus on economic thought process globally in the wake of...

22.03.2025 20

Business Recorder

Dr Omer Javed

Existential threats and Neoliberalism — II

During the hey days of the Covid pandemic, and especially post Covid pandemic there was lot of talk of world starting with a ‘new normal’ in terms...

15.03.2025 50

Business Recorder

Dr Omer Javed

Existential threats and Neoliberalism—I

The climate change crisis is fast-unfolding, and unlike what was thought at the time of the ‘Paris Agreement’ on climate in 2015, according to...

08.03.2025 50

Business Recorder

Dr Omer Javed

Climate change, Resilience and Sustainability Facility, and beyond

On their webpage, titled ‘Resilience, environment, and climate change’ the United Nations Development Programme (UNDP) has indicated ’As per the...

01.03.2025 70

Business Recorder

Dr Omer Javed

IMF’s 2024 Article IV report, and the debate on inflation–II

This, in turn, not only delays bringing inflation under control, but also requires a lot of aggregate demand squeeze, and ultimately a lot of economic...

22.02.2025 50

Business Recorder

Dr Omer Javed

IMF’s 2024 Article IV report, and debate on inflation—I

‘Annex VI. From boom-bust to stabilization: monetary policy and business cycles in Pakistan’ published in the October 2024 report by International...

15.02.2025 30

Business Recorder

Dr Omer Javed

Govt, IMF, and need for policy revisit

In March, the government and International Monetary Fund (IMF) are due to hold first review of the Extended Fund Facility (EFF) programme, which was...

08.02.2025 40

Business Recorder

Dr Omer Javed

Time to end neoliberal monetary policy well overdue

‘This chapter has shown that the NMPC [New Monetary Policy Consensus] is limited in four important ways. Firstly, it is based on doubtful...

01.02.2025 30

Business Recorder

Dr Omer Javed

Serious issues in Punjab govt’s stimulus programmes

The Punjab government has recently announced two stimulus programmes for the people of the province in an overall effort to enhance economic activity,...

25.01.2025 40

Business Recorder

Dr Omer Javed

Neoliberalism, IMF’s exceptional financing, & recidivist behaviour of programme countries — II

Notwithstanding a lack of revisionist policy taken by IMF with regard to Neoliberalism, and no apparent suggestion by IMF’s Independent Evaluation...

24.01.2025 50

Business Recorder

Dr Omer Javed

Neoliberalism, IMF’s exceptional financing & recidivist behaviour of programme countries—I

Traditionally, Pakistan has been infamously called a ‘one-tranche’ country, which although is correct in the context that it has left...

18.01.2025 40

Business Recorder

Dr Omer Javed

Sustainability, institutional reform, and stimulus

What causes macroeconomic instability? Main determinants that come to mind are elevated levels of inflation, fiscal deficit (FD), current account...

11.01.2025 50

Business Recorder

Dr Omer Javed

Need for much improved ‘Uraan Pakistan’ plan

Ministry of Planning, Development, and Special Initiatives (or simply ‘Planning Ministry’) recently launched Pakistan’s thirteenth five-year plan (...

04.01.2025 6

Business Recorder

Dr Omer Javed

Need for a more balanced policy emphasis by Pakistan and Argentina

Pakistan and Argentina have somewhat similar macroeconomic, and growth consequences, whereby although the extent of inflation rate was much more in...

28.12.2024 6

Business Recorder

Dr Omer Javed

South Korea’s sub-optimal experience with Neoliberalism: lessons for Pakistan

Pakistan has been actively under neoliberal policies since late 1980s when it first started to come under major International Monetary Fund (IMF)...

21.12.2024 5

Business Recorder

Dr Omer Javed

Pakistan’s economic outlook 2025: inflation, growth, & debt

Among macroeconomic indicators, primarily inflation has come down drastically over recent months, whereby consumer price index (CPI) has fallen from...

14.12.2024 30

Business Recorder

Dr Omer Javed

A truly global economic policy needed

In an October 24 post by The Guardian, it highlighted the comments made by Kristalina Georgieva, the head of International Monetary Fund (IMF),...

06.12.2024 40

Business Recorder

Dr Omer Javed

Carbon emitters, climate finance, and climate justice

In the just concluded COP29 meetings in Baku, Azerbaijan, there was serious deadlock over the climate finance commitment, and ultimately consensus...

29.11.2024 10

Business Recorder

Dr Omer Javed

Issues in reaching needed level of climate finance, and fast

The current, widely-practiced model of Neoliberalism, and within it over-board recourse to monetary and fiscal austerity policies– both within and...

22.11.2024 3

Business Recorder

Dr Omer Javed

Existential threats, and need for 10-year economic, environmental, and epidemiological plan

The federal minister for planning and development, Ahsan Iqbal, reportedly indicated that the Prime Minister will soon launch a five-year economic...

15.11.2024 10

Business Recorder

Dr Omer Javed

Trump, global economy, and a world of polycrisis

The last time Donald Trump was in office, the world was in the midst of a global pandemic, and the cost of living was fast moving north, both at...

08.11.2024 3

Business Recorder

Dr Omer Javed

Serious issues in IMF programmes: time for urgent reform

‘Augusto Pinochet’s coup in Chile is widely seen as inaugurating the global neoliberal era. As the 1970s progressed, neoliberal ideas and policies...

01.11.2024 8

Business Recorder

Dr Omer Javed

IMF’s risk assessment: eyes half shut

The first coronavirus outbreak – SARS – in the shape of epidemic happened around the beginning of this century. The second coronavirus epidemic...

18.10.2024 10

Business Recorder

Dr Omer Javed

From ‘Doing Business’ report to ‘B-Ready’ report: some reflections

In a statement released on September 16, 2021, World Bank Group (WBG) indicated discontinuation of its ‘Doing Business’ report, whereby it pointed...

11.10.2024 20

Business Recorder

Dr Omer Javed

IMF programme: a mixed bag of economic consequences

In the statement released by International Monetary Fund (IMF) on September 27, it indicated that it had approved a 37-month extended fund facility...

04.10.2024 10

Business Recorder

Dr Omer Javed

Poor reflection of economic history by policymakers

‘A World Bank study of 177 sovereign external and domestic debt defaults found that five years after successful defaults, governments had reduced...

27.09.2024 4

Business Recorder

Dr Omer Javed

Economic resilience and IMF surcharges

‘Supporters of the surcharges argue that the additional fees discourage debtors from borrowing excessively from the IMF. But this moral-hazard...

20.09.2024 3

Business Recorder

Dr Omer Javed

Fixing ‘The middle-income trap’ for all countries

Although quite late, and perhaps because of the urgency being created by the fast-unfolding climate change crisis, and exorbitant rise in...

13.09.2024 3

Business Recorder

Dr Omer Javed

What sustainable macroeconomic stability?

The fall in inflation (to be precise CPI inflation) to single-digit in August –stood at 9.6 percent – meant that it was almost after three years...

06.09.2024 10

Business Recorder

Dr Omer Javed

Need for a country-wide, across-sectors ‘Pricing Policy’

Weak regulation of markets, or the policy of ‘market fundamentalism’ that market knows best, and left mostly on its own market failures will sort...

30.08.2024 2

Business Recorder

Dr Omer Javed

Economic policy and central bank independence

Unfortunately, economic policy globally is settled on very unsettling fundamentals, and rather than fixing this, the blame for high level of...

23.08.2024 30

Business Recorder

Dr Omer Javed

Challenging gross financing requirements

Pakistan is about to enter into an Extended Fund Facility (EFF) programme with the International Monetary Fund (IMF). A July 12 press release from...

02.08.2024 3

Business Recorder

Dr Omer Javed

Pakistan’s weak economic growth outlook

The July update of International Monetary Fund’s (IMF’s or simply Fund’s) flagship report, titled ‘World Economic Outlook’ (WEO) projected...

26.07.2024 1

Business Recorder

Dr Omer Javed

IMF programme, debt re-profiling, and debt restructuring

Pakistan is facing a huge challenge in terms of debt distress. Secondly, the country is stuck in a low economic growth equilibrium, and requires...

19.07.2024 1

Business Recorder

Dr Omer Javed