It appears that the IMF has underestimated the impact of stabilisation on poverty.
Pakistan must undertake far-reaching, decisive economic reforms beyond those envisaged under the IMF programme.
The targets and pace of economic reforms the government has set are formidable.
An agreement, based on realistic terms, should be struck soon.
Should we not welcome the fact that the government did not sign an IMF agreement on terms it felt were harsh?
Any stabilisation programme must be implemented at a bearable pace, not one that results in economic mayhem.
The current state of economic affairs requires that some important decisions be taken.
The budget has done little to address the macroeconomic imbalance.
The perception of Pakistan’s economy is a damaging indictment of our current system.
Facing an election year, will this government behave any differently from its predecessors?
Why did Pakistan become an undervalued economy? Why the sudden interest in taking advantage of the situation?
Unless the political dominance of an ‘elite’-vested class is blunted, real economic progress will be elusive.
Closer examination of the labour productivity trend is both revealing and worrying.
The disappointing results of our long partnership with the IMF make a strong case of moving away from it.