The Global Economy is transitioning to a new multipolar world order, the most significant shift in the global balance of power since the second world war. Th ...
Posts
‘Environmentally sustainable’ bonds
Pakistan faces a significant challenge to finance its large trade deficits and external debt repayments. This is reflected in the sharp drawdown of the SBP (Sta ...
Dealing with the post-flood recovery challenges
Pakistan is in the midst of perhaps the worst ‘natural’ disaster. According to the National Disaster Management Authority (NDMA), over 1,000 people are dead, mo ...
Managing external financing gap, the unconventional way
Note: This is the second of two articles— Managing external financing gap, the unconventional wayHow going digital can bridge the external financing gapThe glob ...
Exchange Parity: ‘The Pugio’ – Zafar Masud on Pakistan Currency Management
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.
Managing External Account – Structural Changes (3 of 3)
All other tools to manage external account are operational and temporary in nature; long-term, sustainable solutions will come with the structural changes or reforms only.
Managing External Account – Monetary Policy (1 of 3)
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: The Cat is in the Bag
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.
FX Reserves Accumulation — Glass Half Full
There has been a recent debate in the newspapers that the accumulation of FX Reserves over the last three years have been achieved through external borrowings. This is a classic example of viewing a glass of water as “half full or half empty”.
Pakistan Risk — Myth and Reality
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.
Pakistan Power Sector Agenda: Issues and Solutions of T&D Sub-Sector
Pakistan has been faced with power crises and its multiplier effect on the economy for decades. This issue has been reviewed extensively and many options have been debated by experts at private and governmental level. I would like to add my views to this important debate which surely requires quick action. In order to have a coherent and meaningful debate on this subject, it’s critical to divide this topic into two distinct parts – transmission and distribution (T&D or Discos), and generation.