The recent public debate about the autonomy of SBP needs to be reviewed in its historical perspective
The federal and provincial governments have begun to develop blueprints of their budgets for FY16. An examination of the vast deviation in the past...
Mr Imtiaz Alam Hanfi, who served as governor State Bank of Pakistan from August, 1988 to June, 1993, with a one-year break necessitated by his...
An average citizen must be totally confused about the state of the economy after hearing, on the one hand, the official/IMF pronouncements that...
At present, the State Bank of Pakistan is legally autonomous but operationally subservient to the Ministry of Finance. From the point of view of...
The Ministry of Finance, State Bank of Pakistan and IMF would like us to believe that fiscal consolidation has taken place, a prudent monetary...
There is high unemployment amidst a low rate of economic growth in Pakistan, plenty of poverty amidst pockets of prosperity, a poor state of the...
During the last four decades, every government that came to power pretended that it was there to serve the people of Pakistan. Every finance...
The finance minister has been advocating that all the major political parties should sign a ‘charter of economy’ on the pattern of the charter...
In 1997, while proposing to the then government changes in the State Bank of Pakistan Act to strengthen SBP autonomy and define and legislate the...
The country has faced a high rate of inflation in the last ten years or so, which has affected the poor, lower and middle income classes whose...
The PML-N government has set a new record in manipulation of economic statistics and hoodwinking the public that it has been pursuing prudent...
The writer is a former governor of the State Bank of Pakistan.On January 24, the State Bank of Pakistan announced that it had decided to reduce the...
We have multiple distress signals coming out of the mismanaged economy of Pakistan. A shrinking base of direct taxation and expanding underground...
Every government gets lost in its own game of self-enrichment and political survival, and begins to engage in temporary fire-fighting in economic...
The majority of the people of Pakistan are poor and live hand to mouth. Even then, most of them avoid taking a loan, fearing that they will be...
The countries in the Far East, which were way behind us in economic and social developments up to the 1960s, have by now developed to a stage where...
