Dr Atiq ur Rehman

Accountability

  IN the collective consciousness of the Pakistani public, there exists a mystical belief that the world beyond our borders is a pristine sanctuary of…

Rethinking poverty, wages and taxation

THIS year, the World Bank revised its global poverty lines once again. The World Bank now uses three different poverty thresholds, depending on a country’s…

Path to global economic parity

  Globally renowned Pakistani economist Atif Mian, who has consistently shown academic interest in Pakistan’s economy, recently put forward the idea that Pakistan must sustain…

Pak trade deficit & a strategic blueprint for curbing imports

  THE initial months of the current fiscal year have witnessed a notable surge in remittances compared to the previous year. Despite this positive inflow,…

Monetary indiscipline: Pakistan’s real economic crisis

FOR decades, Pakistan’s economic difficulties have been largely attributed to fiscal indiscipline. Government overspending, unchecked deficits and debt accumulation have become the go-to explanations for…

Inflation problem: A matter of income, not prices

According to the World Bank, the Purchasing Power Parity (PPP) conversion factor for Pakistan in 2023 was 59. This means that 59 Pakistani rupees had…

Reevaluating the SBP Act’s impact

  THE Sustainable Development Goals (SDGs) are a global commitment to end poverty, promote prosperity and protect the planet. Pakistan has adopted these goals through…

Borrowing and banking: A call for prudence

  IN mid-September auction of treasury bills, the government rejected all bids for short-term borrowing as banks were demanding interest rates of 17% or higher.…

Pakistan needs a new social contract

  In 1973, Pakistani politicians agreed on a new social contract. The purpose of this contract, or constitution, was to ensure that the federal units…

How to get rid of the IMF?

THE current economic crisis in Pakistan is primarily due to a balance of payments issue. The depreciation of the rupee, declining foreign exchange reserves, high…

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