Tag Archives: Fiscal

Conjuring up growth mutually

After showing nine percent contraction month-on-month in fund size during March (FY12) due to quarter end phenomenon, the industry recovered well in April with solid growth of 14 percent to reach at

SBP keeps policy rate unchanged

Terming financing of country’s fiscal and external current account deficits as a basic challenge, the central bank Saturday kept the discount rate unchanged at the pre-2008 level of 12 per cent to

Standard and Poor’s affirms B-rating

The world’s leading rating agency, Standard and Poor’s, on Monday affirmed its ‘B-‘ long-term and ‘C’ short-term foreign and local currency sovereign credit ratings on Pakistan. The outlook on the long-term rating

The crisis of fiscal imagination

Greedy banks, bad economic ideas, incompetent politicians: there is no shortage of culprits for the economic crisis in which rich countries are engulfed. But there is also something more fundamental at play,