Four reasons why devaluation will hurt the economy

There is a distinct sense of déjà vu regarding the current economic situation, calls for devaluation and new import tariffs. There were similar calls in 2007-08, when the economy was in serious difficulty and our foreign reserves plunged to $3.4 billion (enough to cover just one month’s imports). At the time the government obliged by devaluing the currency by 28 per cent […]

Time to establish ministry of private sector facilitation

By Mr Naveed Iftikhar Cheema Originally published in the Express Tribune 9th of October 2017 Pakistan exported goods and services worth $25 billion in the fiscal year 2011 and in FY17 exports stood down at around $21 billion. Exports-to-gross domestic product (GDP) ratio is also low if parallels are drawn with comparable countries. Investment-to-GDP ratio has hovered around 15% over […]

LNG Revolutionising Pakistan’s energy sector

ISLAMABAD: Some four centuries ago, French philosopher Jean de La Bruyère remarked: “The pleasure of criticism takes away from us the pleasure of being deeply moved by very fine things.” If one looks at Pakistan’s print and electronic media, it would appear that nothing has gone right for the liquefied natural gas (LNG) projects in the country. However, the rest of the […]

3rd Meeting of the Working Group on Contract Enforcement

Date: 14th September, 2017 Venue: PRIME Office Agenda: Review the progress of the project since last working group meeting Experiences from the Lahore FPCCI session Update about the case studies Upcoming project activities Further two case studies on contract enforcement litigation Session on Contract Enforcement at FPCCI Peshawar Discuss the progress on the draft proposal for contract enforcement reforms Participants: […]

A powerless private sector for power reforms

By Ali Salman Published: September 5, 2011 When the Economic Coordination Committee of the Cabinet decided late last month to hand over management of thermal power generation companies to the private sector for 10 years, though without giving them the power to fire existing workforce, it essentially rolled back on its own new privatisation policy, that the present Cabinet had approved […]

Policy and the Enforcement of Contracts (Exclusive)

The ability to make and enforce contracts and resolve disputes is fundamental if markets are to function properly. Good enforcement procedures enhance predictability in commercial relationships and reduce uncertainty by assuring investors that their contractual rights will be upheld promptly by local courts. When procedures for enforcing commercial transactions are bureaucratic and cumbersome or when contractual disputes cannot be resolved […]

Power devolution for metropolitan economies

By Zia Banday Originally published in The Express Tribune, January 2nd, 2017 Metropolitan regions have emerged as main growth drivers of the global economy.  Brookings Institute, a US-based think tank, has identified 300 largest metropolitan economies of the world, which are contributing 47% to its output with 20% of global population. In this research report, 96 of such economies are […]