Dr Kamal Monnoo

  • TGiven that the exercise of appointing a caretaker set-up, to oversee elections, affects economic policymaking for near about 4 months (1 month prior to the elections + 2 months in office + 1 month post elections) the questions is that what exactly is at stake? Answer: About US $ 95 billion worth of ...

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  • TPakistani Rupee (PRs) has been tumbling over the last few weeks, ending at almost 124 (to a US Dollar) in inter-bank trading on Thursday’s close before the Eid holidays. This free fall of almost 19% in a very short span of time should have troubled most governments, but then in Pakistan ...

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  • TStrategic government investments, but managed by a range of private public partnerships (PPP) has seen Bangladesh become one of the fastest growing economies in the world. Today, Bangladesh is a booming economy, recently making the list of low-middle income countries as published by the World Bank. ...

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  • TThe head winds towards Pakistan’s economy are getting stronger by the day, with the country seeming all but trapped in an ever-tightening debt strangle, albeit without really seeing any of the possible fruits of a debt-spend find the light of the day so far. Reason? Because, bulk has been ...

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  • TA lot of analyst these days are writing about how our external debt increased by almost $55 billion during the period 2008 to 2018, essentially in the democratic period after the end of Musharraf’s tenure. Well it may be worth mentioning here that ironically, most of these writers in one way ...

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  • TWith the change of government round the corner, do we have another currency crisis on our hands? Last time it happened at the advent of Zardari’s Government, in 2008, when the bottom fell beneath the Pak Rupee, devaluing it by nearly 30% within days. And if we do, then other than the external ...

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  • TWe have read a lot of positive and negative commentaries on the recently announced Budget 2018-19, and even views to an extent that it should not have been announced in the first place, since PML(N), being on its way out lacks legitimacy and should have respected the mandate of the incoming ...

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  • TThere is a lot of politics going on the recently announced tax amnesty scheme by the PML (N) government with the debate (if you can call it that) ranging from the timing; mandate of the government to even announce such a scheme; whom will it really benefit; rewarding the evaders; to the possibility ...

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  • TThe above is exactly what the Pakistani government needs to convey quickly and clearly to the developed world and that too with a degree of certainty and honesty, if we are to avoid being black-listed in the upcoming June session of the FATF (Financial Action Task Force). Essentially, Pakistan ...

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  • TPresident Trump’s recent declaration imposing a tariff of 25 percent on American imports of Steel and 10 percent on Aluminum has both angered and alarmed the country’s friends and trade partners. The Europeans on their part have started to consider retaliatory trade penalties, targeting ...

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  • THere I was defending that PML-N had finally assembled a decent economic team in Shahid Khaqan Abbassi, Haroon Akhtar and Miftah Ismail (never mind Rana Afzal who perhaps is only a political face), all qualified gentlemen, but the way they have managed economic policies in their brief tenure as a ...

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  • TLike it or not, in its 70 years history, textiles is the only globally competitive stand-alone industry that Pakistan has created. The definition of standalone being that given a level playing field vis-a-vis its international competitors, the industry can hold its own both in terms of quality and ...

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  • TSo what has this PML-N government really missed out during its term? Answer: Meaningful and broader reforms. To add clarity to this rather generic term, reform is an on-going process adopting to new evolving global realities, and in essence means that while investment is very essential, its real ...

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  • TPakistan’s economy is currently faced with two main issues: 1) Uncertainty and 2) Perception. Discussing uncertainty first, while the last two years on average have been good for corporate results, especially for companies locked into the domestic market, the outlook going forward is getting ...

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  • TFinancial innovation has been critical to progress around the world. A well-functioning financial system, one that allows risk management, raising funds and so forth, is a mechanism by which scientific or technological ideas get turned into growth. It is not magic or an illusion, but simply put, ...

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  • TIn order to protect the environment and water basins, the Punjab Government last week imposed a ban on setting up more cement mills in the province. Merits or de-merits aside of a such a policy measure taken in isolation – with 100% capacity utilization, as at present, such bans unless ...

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  • TSo why is India winning the perception war against Pakistan? The answer can be traced back to the 90s when the Indian Finance Ministry, the Reserve bank of India and the Planning Commission of India jointly formed a strategy (under the guidance of the then leadership, likes of Manmohan Singh and ...

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  • TPresident Trump’s tirade against Pakistan seems to be growing nastier by the day, and regardless of whether his utterances defy logic or whether or not he needs psychiatric help (Fire and Fury), the reality is that he is the United States (US) President and therefore must be taken seriously. ...

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  • TThere is a lot of noise on how Pakistan’s debt has ballooned in recent years and economic head winds are facing Pak economy whence a significant portion of this debt reaches maturity. The experts in the meanwhile have been quick to blame the democratic governments of Zardari and Nawaz Sharif ...

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  • TCan Pakistani companies compete against the Chinese companies once CPEC (China Pakistan Economic Corridor) gets completed along with its economic zones and industrial estates? This is the question, which is troubling majority of Pakistani entrepreneurs and perhaps rightly so, as they have good ...

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  • TShould Pakistan be devaluing its rupee to boost its exports and is there a sustainable relationship between currency devaluation and increased exports? This is a hot topic in the country these days and if the chattering economists are to be believed a significant devaluation is round the corner or ...

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  • TWorld pays close attention to China since the 19th CPC convention to boost Chinese national consumption. It’s an important and significant proposition for the world to have an understanding of China’s development in historical and future-oriented perspective. Reports by overseas media, ...

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  • TThere is big debate going on these days on how the Pak Rupee is overvalued and why it should be devalued to help exports and to discourage imports; especially of luxury goods. Pakistan’s trade deficit has never been larger, posting a growth of nearly 138%, period on period (first fiscal ...

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  • TWhen you can’t understand why people behave in a particular manner, the most natural thing to do is to convince yourself that people do not know what they are doing. At the same time, democracy in Pakistan is becoming increasingly dysfunctional by each passing day. Plato’s great worry ...

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  • TReforms seems to be the buzz word these days in talking about addressing long standing challenges to the Pakistani economy, but what exactly does this mean? It is all very well to be talking in generic terms about the urgent need for third generation reforms in Pakistan, but such statements only ...

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  • TA lot is being said and written these days about Pakistan’s national debt and how it has reached a level where it may no longer be sustainable. Meaning in the coming months we either face a default or a re-entry into yet another IMF (International Monetary Fund) program, which by all accounts ...

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  • TOne is hearing a lot of noise these days from some anchors, experts and economists on a situation of crisis in the economy and how an economic emergency should quickly be declared in the country with perhaps the establishment stepping in (overtly or covertly) to take the economic matters into its ...

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  • TThe China Pakistan Economic Corridor (CPEC), a key component in China’s ambitious 65-nation “One Belt-One Road” (OBOR) economic integration and development initiative, has long been the target of criticism. The concerns of skeptics are wide ranging, from security to political to ...

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  • TPakistan’s trade deficit has never been larger. Posting a growth of nearly 138%, period on period, this gap is now looking un-sustainable, especially in wake of country’s dwindling exports. The main component of our exports, Textiles, has been declining at a double-digit rate for most ...

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  • TPakistani businesses are doing a terrible job at making their workers more productive. Productivity growth has been the weakest it has been since the early 1980s – only about 0.8 percent a year over the last decade, compared with 2.3 percent on average from 1947 to 2007. This perhaps is also ...

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