Macroeconomics lesson # 1

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The central bank organized a two-day training workshop here on April 23-24 to familiarize the economic journalists with the basic macroeconomic indicators in the context of the country’s present economic situation. Titled as “Workshop on Macroeconomics for Journalists” the meeting was well attended by a number of journalists from print and electronic media at the Learning Resource Centre of the State Bank of Pakistan. The two-day event saw various departmental heads of the central bank educating the beat reporters on macroeconomic indicators on a level ranging from definitions to the issues, challenges and opportunities thereof.
Riaz Riazuddin, SBP’s chief economic adviser on monetary policy, introduced to the meeting the functions and autonomy of the central bank. Also covered by him were inflation and its various forms like the Consumer Price Index, Sensitive Price Index, Wholesale Price Index, core inflation, GDP deflator etc. Dr. Mushtaq Ali Khan, chief economic adviser on policy development, talked on Key Macro Indicators and the Real Sector including the Gross Domestic Product, inflation, fiscal deficit, current account deficit, investment, savings, total debt, domestic debt, external debt, agriculture, industry and services.