As the paradigm of free currency becomes admissible in the crypto world, silicon valley giant Facebook is going to play its shot as the world seems to move into a cashless and digital economy especially in the wake of the novel coronavirus. Its digital currency “Diem” (formerly known as Libra) being considered as an upcoming […]
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 […]
The Bill to amend the “State Bank of Pakistan Act 1956” is exceptionally dangerous for the economy and the country. To date, the State Bank is an arm of the State and serves to address its policies. The amendment will make the State Bank autonomous from State domain and reverse the relationship: it will be […]