Dr Atiq ur Rehman

Monetary indiscipline: Pakistan’s real economic crisis

FOR decades, Pakistan’s economic difficulties have been largely attributed to fiscal indiscipline. Government overspending, unchecked deficits and debt accumulation have become the go-to explanations for…

Inflation problem: A matter of income, not prices

According to the World Bank, the Purchasing Power Parity (PPP) conversion factor for Pakistan in 2023 was 59. This means that 59 Pakistani rupees had…

Reevaluating the SBP Act’s impact

  THE Sustainable Development Goals (SDGs) are a global commitment to end poverty, promote prosperity and protect the planet. Pakistan has adopted these goals through…

Borrowing and banking: A call for prudence

  IN mid-September auction of treasury bills, the government rejected all bids for short-term borrowing as banks were demanding interest rates of 17% or higher.…

Pakistan needs a new social contract

  In 1973, Pakistani politicians agreed on a new social contract. The purpose of this contract, or constitution, was to ensure that the federal units…

How to get rid of the IMF?

THE current economic crisis in Pakistan is primarily due to a balance of payments issue. The depreciation of the rupee, declining foreign exchange reserves, high…

State Bank’s decisions and public interest

IN the current fiscal year, the federal government allocated 7.3 trillion for interest payments, exceeding the combined budget for defence, pensions, subsidies, grants, and other…

Criticism of higher education system

  IN past few months, several columns written by renowned educationist and social worker Dr. Pervez Hoodbhoy have been circulating on social media. These columns…

On the strategic vision of SBP

RECENTLY, the State Bank unveiled its strategic vision for the next five years. This vision encompasses six goals, including controlling inflation, financial stability, broader access…

Power of perception and national reputation

IN numerous real-life scenarios, our general perception of something often holds more power than the actual reality itself. In many instances, perception has the remarkable…

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