Stories from Dr Fahd Rehman
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Central bank’s independence and its practicality
Current talk to give more autonomy is devoid of practical significance.
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When a sector starts booming, more taxes are slapped on it
Government resorts to creative accounting in budget-making
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Motivated by quick returns, govt overspending on infrastructure development
Sectors like education, healthcare, nutrition, sanitation being neglected
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Declining exports: Persistent challenge for policymakers
Low value addition means Pakistan cannot earn much foreign exchange
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How the debt issue remains circular in Pakistan
Resurgence of load-shedding portrays govt’s myopic aims
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Heavy reliance on petroleum products leads to crisis
Higher oil prices caused increase in circular debt, reduced investment-related imports
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Studying the costs and benefits of a stable exchange rate
Most developing economies have lowered their exchange rates to remain competitive.
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Balance of payments: Why managing the current account deficit is crucial
Merchandise exports are decreasing and the government is obsessed with a policy of stable exchange rate
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The textile package will not achieve anything
It is an electioneering device, which is neither properly timed nor planned
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When governments can’t afford to, but dole out, cash to unproductive sectors
There is dire need to move towards measures that yield fruitful results