MPS text influenced by the ‘Dar factor’?

Monetary Policy Statement (MPS), the first under the chairmanship of the newly-appointed Governor State Bank of Pakistan (SBP), Jameel Ahmed, decided to keep the policy rate unchanged at 15 percent. Notwithstanding the ration...

AGP’s concerns about ‘poor financial affairs’

No wonder the Auditor General of Pakistan (AGP) has expressed “serious concern” about the country’s “deteriorating financial affairs”. His signatures went on the report for the audit year 2023-24, after all, and there�...

15-Sep-2024 Read More

Saga of motorcycle snatching

There is startling data regarding snatching of motorcycles in the city of Karachi. According to Citizen Police Liaison Committee better known as CPLC, an average of 167 motorcycles were stolen or snatched daily in the first four...

14-Sep-2024 Read More

All eyes on IMF’s $7bn EFF

The grant of subsidies and tax incentives by the government are two measures that never escape a reprimand by the International Monetary Fund (IMF). It abhors both. In this week alone there have been two casualties on this accou...

14-Sep-2024 Read More

Political hara-kiri

Akhtar Mengal’s resignation has turned the spotlight on Balochistan alright, but not in a way that would do any justice to his sacrifice of falling on his own sword once he was convinced that his seat in the National Assembly ...

14-Sep-2024 Read More

Superficial austerity

These are not the old days; especially when it comes to the economy and the government cannot hope to get away with well-timed, politically correct, yet quite hollow policy statements. Take the finance division’s notification ...

14-Sep-2024 Read More