Stories from Dr Hafiz A Pasha
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Early warning signs
It will be a real challenge for the beleaguered government to stabilise the economy once again.
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Homegrown vs IMF recipe
Government has increasingly shown the tendency to adopt ‘homegrown’ reforms, following stabilisation of the economy.
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The federal PSDP
Overall, the federal PSDP of 2014-15 reveals a hurried and ad hoc inclusion of a number of large, new projects.
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Spiralling inflation
The government has continued to fuel demand-pull inflation by printing of large amounts of money.
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The IMF review
The principal performance criterion was NIR. In this critical sense, the programme has failed to perform up till now.
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The large budget deficit
Persistently large deficits financed in major part by printing of money will seriously exacerbate inflation.
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