Economic policy
February 21, 2021
Economic policy is four actions that governments take in the economic field: tax, government spending, interest rates and money supply. Our national debt is now growing at the rate of Rs18 billion a day. Our electricity sector now loses nearly Rs2 billion a day. Our State Owned Enterprises (SOEs) collectively end up losing Rs1.8 trillion a year. In the natural gas sector, unaccounted-for-gas now amounts to Rs1 billion a day. In the commodities sector, federal and provincial food departments have accumulated a debt of Rs753 billion. Public procurements by the federal and provincial governments stand at Rs7.5 trillion.
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Home IMF to resume stalled $6bn loan programme to Pakistan
IMF to resume stalled $6bn loan programme to Pakistan
Hopes of return to global bond markets amid struggles to revive Covid-hit economy
World Economy News
16 Feb 2021 • 2 min read
The IMF and Pakistan have announced the resumption of a stalled $6bn loan programme, raising expectations that the south Asian country will return to global bond markets as it struggles to revive its Covid-hit economy.
In a statement on Tuesday, the fund said that a newly agreed package of measures under a three-year loan signed in 2019 sought to “ensure debt sustainability and advance structural reforms”.
Top Story
February 13, 2021
ISLAMABAD: The circular debt is set to alarmingly increase up to Rs4,936 billion by financial year 2025 with an increase of 2.04 times from the current level of Rs2,400 billion, highlights the report on Pakistan’s Power Sector Circular Debt Causes, Consequences, and Remedies prepared by Pakistan’s leading economist Sakib Sherani of Macro Economic Insights (MEI).
Sherani served as Member, Prime Minister’s Economic Advisory Council, and Principal Economic Adviser, Ministry of Finance, Government of Pakistan. The stock of circular debt is still projected by MEI to increase to over Rs3,000 billion by 2025, under the best case (strong reforms) scenario.
Top Story
February 13, 2021
ISLAMABAD: The circular debt is set to alarmingly increase up to Rs4,936 billion by financial year 2025 with an increase of 2.04 times from the current level of Rs2,400 billion, highlights the report on Pakistan’s Power Sector Circular Debt Causes, Consequences, and Remedies prepared by Pakistan’s leading economist Sakib Sherani of Macro Economic Insights (MEI).
Sherani served as Member, Prime Minister’s Economic Advisory Council, and Principal Economic Adviser, Ministry of Finance, Government of Pakistan. The stock of circular debt is still projected by MEI to increase to over Rs3,000 billion by 2025, under the best case (strong reforms) scenario.