The biggest impediment to sovereign debt restructurings is not economic but political.
Some basic questions necessary for an informed discourse remain unanswered.
The report has some revealing statistics on Pakistan’s public finances.
The strategy outlined here has the potential to deliver medium-term breathing space for the government.
Although inflation has picked up in the past few months, its level is still low by recent historical standards.
Pakistan’s opinion-makers are major beneficiaries of an artificially low rupee-dollar rate.
The idea is to better understand the structural roots of Pakistan’s current account malaise.
The current account deficit and fiscal deficit are bound together.
A debt re-profiling could kill four birds with one stone.
There is a strong case for the crop to be protected and its exports to be developed.