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Dec 31, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Dr Omer Javed

A regulatory framework for Pakistan Railways - I
Opinion

A regulatory framework for Pakistan Railways - I

Pakistan Railways (PR) is a state-owned enterprise (SOE) under the Ministry of Railways (MoR). While up till the 1970s it operated as the main mode of transportation, both in terms of freight and passenger transport, but over the years since then, its det
Updated 06 Dec, 2019 07:19am
Approaching optimal SEZs - II
Opinion

Approaching optimal SEZs - II

Pakistan is indeed fortunate to be a part of one of the main projects in the shape of CPEC (China Pakistan Economic Corridor) under the overall Belt and Road Initiative (BRI); especially in terms of evolving special economic zones (SEZs). This is because
Updated 22 Nov, 2019 06:29am
Approaching optimal SEZs - I
Opinion

Approaching optimal SEZs - I

The government intends to pick up the pace on Special Economic Zones (SEZs). This indeed is important for infusing energy into the lacklustre performance of both large-scale manufacturing and the stubbornly low and undiversified exports. Moreover, this wi
Published 15 Nov, 2019 12:00am
Doing business report and beyond - III
Opinion

Doing business report and beyond - III

Individual aspects of the Index for 2019 highlight, among other things, that within rule of law, all three factors - property rights (with score 41.5, where all scores are graded on a scale of 0 to100; representing a situation of completely unfree and tot
Updated 14 Nov, 2019 09:01am
Doing business report and beyond - II
Opinion

Doing business report and beyond - II

Unlike the Doing Business Report of the World Bank, which primarily focuses on business regulations, the report, 'Index of Economic Freedom', produced by the Heritage Foundation, estimates the overall economic freedom index (EFI) of a country, covering mu
Updated 08 Nov, 2019 08:51am
Doing business report and beyond - I
Opinion

Doing business report and beyond - I

The World Bank launched its annual flagship 'Doing Business 2020' report, 17th edition in the series, which compares/ranks 190 economies in terms of 'ease of doing business', covering data up to May 1, 2019; broadly across 12 business regulations with sub
Published 01 Nov, 2019 12:00am
IMF's flagship economic surveys and Pakistan
Opinion

IMF's flagship economic surveys and Pakistan

Recently, two flagship surveys were released by the International Monetary Fund (IMF). Firstly, the World Economic Outlook (WEO) which usually appears in April and September/October. It presents IMF staff economists' analyses of global economic developmen
Updated 25 Oct, 2019 07:03am
Global Competitiveness Report and Pakistan - II
Opinion

Global Competitiveness Report and Pakistan - II

While Pakistan dropped three places from its 2018 GCI (Global Competitiveness Index) ranking of 107th to 110th, the region of South Asia (SA) as a whole could only improve its median competitiveness performance by 0.08% - the least improvement for any reg
Updated 18 Oct, 2019 05:29am
Global Competitiveness Report and Pakistan - I
Opinion

Global Competitiveness Report and Pakistan - I

The World Economic Forum (WEF) has launched the 2019 edition of the Global Competitiveness Report (GCR). The Report was first launched in 1979; its current edition analyzes the performance of 141 countries which, according to the Report, constitutes about
Updated 11 Oct, 2019 05:04am
Reforming SOEs in Pakistan - III
Markets

Reforming SOEs in Pakistan - III

Here, it may also be indicated that the same EFF document indicates that Pakistan intends 'jumpstarting the privatisation process', but no details have been indicated as to whether the country will take the route of the so-called 'golden age of privatisat
Published 06 Oct, 2019 12:00am
Reforming SOEs in Pakistan - II
Markets

Reforming SOEs in Pakistan - II

Ownership is an important aspect of management of SOEs (state-owned enterprises or public sector companies (PSCs) in the case of Pakistan). In the context of SOEs, state is the ultimate owner, and its ownership policy should clearly identify first of all
Updated 04 Oct, 2019 05:49am
Brewing oil crisis: what should be our policy response?
Markets

Brewing oil crisis: what should be our policy response?

The enormity of the attacks on Saudi Arabia's oil installations could be gauged from two key facts: a) according to Bloomberg, 'Brent futures rising 19% in the matter of seconds at the open on Monday [September 16- the first day the markets opened after t
Updated 20 Sep, 2019 07:11am
Reforming SOEs in Pakistan
Markets

Reforming SOEs in Pakistan

The state-owned enterprises (SOEs) are defined in Pakistan under the (Corporate Governance) Public Sectors Companies' Rules (PSC Rules, 2013) as those companies where government exercises either direct or indirect beneficiary control or ownership, whereby
Updated 13 Sep, 2019 07:54am
Managing growth with Stabilization
Markets

Managing growth with Stabilization

The prime minister recently met some leading businessmen to understand ways in which the economy could be put on a growth trajectory, while the government continues to deal with the issue of twin deficit- high percentage of current and fiscal account defi
Published 06 Sep, 2019 12:00am
'Ministry of Economy'
Print

'Ministry of Economy'

The Advisor on Finance reportedly indicated that the economic team would be formulating a holistic roadmap for the economy, in which goals for all economy-related ministries/departments will be set and performance will be monitored, and will be shared wit
Published 30 Aug, 2019 12:00am
Improving institutional quality determinants
Markets

Improving institutional quality determinants

Pakistan recently entered into an Extended Fund Facility (EFF) programme with International Monetary Fund (IMF). The programme has a medium-term (39-month) horizon, and in terms of goals and supporting conditionalities goes beyond the usual Stand-By Arran
Published 16 Aug, 2019 12:00am
Serious issues in current programme with IMF
Markets

Serious issues in current programme with IMF

Falling among a select list of countries, Pakistan has been a prolonged or frequent user of International Monetary Fund (IMF) resources. Research has indicated that such countries form a strong inclination to approach the IMF to deal with recurring balanc
Published 08 Aug, 2019 12:00am
Important macroeconomic challenges
Markets

Important macroeconomic challenges

Pakistan needs a homegrown reform policy that takes strong radical and creative decisions about political economic issues, and balances monetary and fiscal policies, and for that it would have been better to bridge macroeconomic imbalances by least Intern
Published 04 Jun, 2019 12:00am