Is the government exaggerating the quantum of economic growth, or is the ‘surprise’ merely due to the phenomenon of ‘base effect’? The National Accounts Committee (NAC) of Pakistan, in its 103rd meeting on Friday 21st May, approved provisional estimates of GDP growth as 3.94% for the fiscal year 2020-21. This was widely reported as a […]
112SharesI want to raise a very simple but pertinent question: Why in past two and half years Pakistani economy has tanked despite having decent economic technocrats in the Finance Ministry and State Bank of Pakistan? To find the answer, we have to dive deep into the political economy of Pakistan. Any decent economist will tell […]
The novel coronavirus, which emerged from Wuhan (China), has by now infected 26.4 million people globally according to WHO. The virus has had strong negative effects not just on public health but also on the world economy. Pakistan is a developing country and, for this reason, its economy has suffered an especially hard hit. I […]