Few would have anticipated that performance monitoring in Pakistan’s federal government would ever be backed by a document this comprehensive,…
Read MoreDevolved But Not Departed: The Federal Spending on Provincial Responsibilities
At a time when constitutional devolution has firmly placed health, education, and social protection within the provinces’ domain, the federal…
Read MoreFiscal Policy and Public Debt: Trends and Challenges
In the wake of unprecedented global economic disruptions—from pandemic-induced recessions to geopolitical conflicts and inflationary pressures—governments worldwide have grappled with…
Read MoreFrom Pressure to Promise: Pakistan’s Inflation Hits Record Low
In a development few saw coming so sharply, Pakistan’s national inflation rate plummeted to a record low of 0.30% in…
Read MoreFrom Silence to Surrender: Federal Ministries Asked to Return Unused Funds
In a rare but necessary administrative call to streamline fiscal discipline, the Government of Pakistan has directed all Principal Accounting…
Read MoreReading Between the Rates: Will SBP Play Safe or Surprise?
At a time when inflation has begun to soften and the rupee remains relatively stable, all eyes are now on…
Read MoreCircular Debt Stabilized, Not Solved: Pakistan’s Power Sector at a Crossroads
The numbers in Pakistan’s circular debt are staggering—but the recent Circular Debt Report – March 2025 issued by the Power…
Read MoreGreen Finance Initiatives: SBP’s Role in Sustainable Development
Pakistan’s transition to a low-carbon economy has gained momentum through the State Bank of Pakistan’s (SBP) pioneering green finance initiatives,…
Read MoreFinance Acts: Annual Legislative Changes in Taxation
Pakistan’s annual Finance Acts serve as the backbone of fiscal policy, introducing legislative changes that reshape taxation, influence economic behavior,…
Read MoreTax Expenditure Reports: Understanding Revenue Foregone
Tax expenditure reports, often overlooked in public discourse, shed light on a critical fiscal reality: the substantial revenue governments forgo…
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