Author Dr. Hafiz A. Pasha

Towards Stagnation

The new government in Islamabad will be faced with very difficult choices. If it goes to the IMF, as happened in 2013, then the required actions could include steep devaluation, a hike in tax rates, a big cut in development spending, escalation in power tariffs, etc.

By: Dr. Hafiz A. Pasha

The Looming Crisis

Uncertainty is at its peak today in Pakistan. This uncertainty predominantly has four dimensions – political, economic, security and foreign relations. Seldom in the country’s history have all these negative developments occurred, more or less, at the same time. On the political front, the government appears to have lost the fiat and willingness for implementing […]

By: Dr. Hafiz A. Pasha

A Dismal Picture

The Human Development Index (HDI) is considered as a better measure of development than just per capita Gross Domestic Product (GDP). The HDI has three components – measures of health, education and per capita income (in purchasing power parity terms) respectively. It is computed annually for 188 countries by the United Nations Development Program (UNDP). […]

By: Dr. Hafiz A. Pasha

Reading the Trends

This article focuses on Pakistan’s long and short-term economic and social trends in relation to other countries. Unfortunately, most trends identified here paint a dismal picture of Pakistan’s economy and are even shocking in some cases. The analysis of short-term developments has been facilitated by the recently-released Pakistan Economic Survey (PES) for 2016-17. In the […]

By: Dr. Hafiz A. Pasha

Defining Poverty

The latest Pakistan Economic Survey by the Federal Ministry of Finance contains some very good news. Apparently, the incidence of poverty has been declining sharply in Pakistan since 2001-02 and by 2013-14, it had more than halved. The latest estimate is that 30 percent of the population is poor, equivalent to 60 million people. These […]

By: Dr. Hafiz A. Pasha

Turning Karachi Around

  The metropolitan, seaport city of Karachi has entered a very difficult era. It is the prime city of Pakistan and has traditionally acted as the economic, financial and commercial hub of the country. After Partition, it absorbed almost 1.5 million migrants from India. Historically, hospitality was the distinguishing feature of the city. It provided […]

By: Dr. Hafiz A. Pasha