Predicting Governor SBP Speech on June 27, 2019Mr. Reza Baqir, newly appointed Governor State Bank of Pakistan (SBP), held a press conference recently on economic outlook of Pakistan which seemed to be focused on three key areas. These areas include agreement with International Monetary Fund (IMF), Exchange rate regime and Interest rate. It was his first mass communication through all kind of […]
Transparency calls for investigation into PSX support Fund on June 16, 2019On June 13, a presenter on a private TV channel took up an important issue regarding a letter written by the Transparency International Pakistan to the Securities Exchange Commission of Pakistan. The TIP has requested the SECP to investigate the Pakistan Stock Exchange Support Fund announced by the prime minister’s adviser on finance after a […]
Army’s budget cut gesture misunderstood on June 8, 2019Pakistan has entered into a phase of economic emergency where fewer choices left with zero chance of failure. Artificial appreciation of Pak Rupee with injected external loans created a gap between imports and exports which resulted in huge Trade Account deficit that followed by history’s worst Current Account Deficit. Now when PTI came into power, […]
A reality check on Budget 2019-20 on June 3, 2019Upcoming Budget is PTI’s full year first Financial Document which will be revealed in second week of this month. It is predicted that the budget 2019-20 will be based on conditions imposed by International Monetary Funds (IMF) which state that primary deficit excluding debt servicing is acceptable to 0.6% of Gross Domestic Product (GDP) which […]
Made in Pakistan on May 28, 2019Current Account Deficit (CAD) is that biggest challenge what Financial Managers of present government to deal with utmost care together with debt servicing which is another huge problem. Pakistan is also witnessing Trade Deficit from last many years which need to be controlled in a way that it may not result a slowdown in business […]
Dealing with IMF conditions on May 20, 2019Pakistan will soon be entering into 22nd program of International Monetary Fund (IMF). Expected date of implementation is 1st July of this year. As IMF is a lender financial institution therefore negotiation with financial managers of Pakistan took several rounds to satisfy the fund for repayments and use of this extended fund facility amounting to […]
Post IMF scenerio – Part II on May 13, 2019Economic experts of Opposition parties fear that IMF will impose Egyptian model through Mr. Reza Baqir who overseen the implementation of the current IMF program in Egypt which was proved in November 2016 and will end later in 2019. However, the fear is not valid and Pakistan’s case is not acute like Egypt. The Egyptian […]
Post IMF scenerio — Part I on May 11, 2019Now when a deal with International Monetary Fund (IMF) is being concluded, it seems that the Balance of Payment Crisis (BoP) may be controlled, however due to some tough conditions imposed by the fund, Pakistan will witness further soaring of inflation and economic slowdown in short run that will be bringing unemployment along with other […]
Budget expectations on May 6, 2019A country’s Budget is a most powerful financial document of its kind. It is a tool to control future commitments with the available resources. An ideal situation for Financial Managers making a country’s budget is where revenues may be more than expenditures. This situation never exists specially in third world countries where resources are scarcer […]
Future of textile exports on April 27, 2019Textile industry contributes 57% percent of total export volumes and 8.5% of the GDP of Pakistan. Annual Export figure closed last fiscal year at$25 Billion out of which $13.53 Billion was from Textiles. According to Textile Policy 2014-2019, Textile exports to increase by double i.e. from $13 Billion to $26 Billion, which could have created […]