19

Sep

IMF says PSDP projects cost in FY23 exceeds budget by 14 times

By Mehtab Haider Published in The News on September 19, 2023 ISLAMABAD: Amid receiving directives from the caretaker regime for abandoning projects that are politically motivated and of provincial nature executed through the federal Public Sector Development Program (PSDP), the IMF has pointed out that the total cost to complete projects in the PSDP stands at Rs10.7 […]

18

Sep

Pakistan’s other crisis

By Maleeha Lodhi Published in Dawn on September 18, 2023 PAKISTAN’S macroeconomic crisis, the most serious in its history, continues to warrant urgent and sustained attention. As is well known, the roots of this crisis lie in chronic fiscal deficits and external imbalances that are responsible for its perpetual balance-of-payments problems, high inflation and macroeconomic instability, necessitating[…]

16

Sep

Understanding this crisis

By Sakib Sherani Published in Dawn on September 14, 2023 PAKISTAN is experiencing its most severe economic crisis in recent history. However, as I have argued previously, this crisis is “a crisis like no other” (Dawn, May 2022). It is not just an economic meltdown, but a confluence of myriad and complex challenges in the political, governance[…]