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Islamabad’s fiscal arithmetic for 2026-27 tells two stories at once. One is a government insisting the worst of the inflation...
In the fluorescent-lit corridors of the Ministry of Finance in Islamabad, the arithmetic has long stopped making sense. Pakistan spends more than half its federal revenue...
Finance Minister Muhammad Aurangzeb heads to the National Assembly podium in early June carrying a budget that must simultaneously satisfy the IMF, comfort a salaried class...
Pakistan has now signed 25 arrangements with the International Monetary Fund. Twenty-five. The first was in 1958, when Eisenhower was in the White House and Pakistan...
There is a distinct kind of silence that falls over a trading floor when the numbers on the board cease to be merely financial and begin...
Pakistan’s tax-to-GDP ratio, World Bank PRID programme, Pakistan fiscal reform 2026, Pakistan public resources inclusive development, federal-provincial tax harmonization Pakistan There is a particular cruelty to...
The war in the Middle East has rewritten the rules of global energy markets. For Pakistan, the question is whether Washington’s premier lender will rewrite the...
There is a particular kind of silence that follows the settlement of a long-overdue debt—not the silence of resolution, but of recalibration. When the State Bank...
As the worst energy supply shock since the Arab oil embargo of 1973 cascades through global markets — costing an estimated $20 billion a day in...
As foreign central banks dump $90 billion in US Treasuries and Brent crude convulses near $120, Islamabad’s unlikely role as peacebroker is paying an unexpected dividend...