There has been a considerable debate on currency management for a while. The pendulum of currency swung between defending currency to supposedly market based exchange rate in the recent times. The side-effects of both extremes are much clearer in hindsight and this may perhaps be a good time to look at their pros and cons objectively.
Cyber-crime is a reality and exceeding with mushrooming fintech and increasing integration/ intra- operability. Various 2018 predictions about the merging of cyber and traditional financial crimes may actually prove too conservative, as in the recent past. Cyber attacks and cyber crimes will continue to grow
The impact of fiscal policy is always better than monetary policy in managing external account in
an environment like the one prevailing in Pakistan
The Monetary Policy is the key to influence trade / current account of any country. The extent and the effectiveness of that, however, varies from country to country, given country’s own political and economic dynamics and other realities on the ground.
National Savings has always been part of discussions and debates in drawing rooms and on streets. This is not asurprise given that National Savings touch the lives of almost 1/4th of each Pakistani directly or indirectly.
Predicting the oil prices is a hundred million dollar question; in literal sense, it’s a game of billions of dollars. This is one of the most difficult tasks, given that there’re too many variables and moving parts on the economic, and more so, on the political fronts. Market punters are not willing to take a view for longer tenors and quote forward rates for larger volumes beyond 2/3 months. The recent phenomenon is surely more political than otherwise.
