Tag Archives: Economic Reforms

The Pakistani government has made written commitments to the International Monetary Fund (IMF) to limit the powers of the Special Investment Facilitation Council (SIFC) and the Sovereign Wealth Fund. These measures are part of broader reforms to ensure greater accountability and transparency. Additionally, Pakistan has agreed to phase out all Special Economic Zones (SEZs) by 2035. Limiting SIFC and Sovereign …

Introduction The Federal Minister for Finance, Senator Muhammad Aurangzeb, recently addressed the launch of the Pakistan Economy Dashboard (PED), presenting a promising outlook for the country’s economy. The dashboard is designed to enhance transparency, provide better access to data, and serve as a platform for in-depth analysis. Pakistan Economy Dashboard: A Step Towards Transparency According to the Finance Minister, data …

Introduction Pakistan finds itself in a state of economic inertia, where the usual state of affairs continues without any substantial efforts to initiate meaningful reforms. The conversations surrounding the annual budget and the IMF package may have faded from the public discourse, but the economic challenges remain as daunting as ever. Without concrete actions, the nation risks remaining a victim …

Federal Finance Minister Mohammad Aurangzeb recently suggested that there may be opportunities for further reductions in interest rates. Speaking at an event hosted by the Karachi Chamber of Commerce, Aurangzeb emphasized the crucial role of effective macroeconomic governance in fostering economic growth. He noted that structural issues in the economy often lead to balance of payment problems, particularly as growth …

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has urged Pakistan to implement progressive taxation policies that target the wealthy and safeguard the interests of the nation’s impoverished citizens. Georgieva made this recommendation during her meeting with Interim Prime Minister Anwaarul Haq Kakar on the sidelines of the United Nations General Assembly (UNGA). In an interview with a Pakistani private …

Introduction: Prime Minister Shehbaz Sharif of Pakistan addressed the recent electricity tariff hike and emphasized the necessity of drastic structural and economic reforms to benefit from the International Monetary Fund (IMF) loan program. In a meeting with prominent businessmen and industrialists, the PM stressed the importance of national unity and sacrifices to initiate the much-needed reforms. Electricity Tariff Hike and …