1) Finally, seems IMF progm being shortly revived, wth more taxes.
GDP growth to slow down-may be 3%- more increase in petrol prices & utilities- significantly higher inflation may be 15%. In this 🧵 I cover 2 strategic options country has to choose n/1
dawn.com/news/1696100/l…
GDP growth to slow down-may be 3%- more increase in petrol prices & utilities- significantly higher inflation may be 15%. In this 🧵 I cover 2 strategic options country has to choose n/1
dawn.com/news/1696100/l…
2) With #IMF revival, default averted in near term, but economy to remain in #ICU . How will the govt address fiscal & currnt acnt deficits, ensure servicing of huge stock of external debt, improve forex reserves, enhance exports & restore investor confidence? n/2
3) How will the energy crisis, its mounting debt, SOE crisis be addressed? How will we improve our human development indicators?
Above 3 questions require major change in mindset wth regard to governance & public financial management . n/3.
Above 3 questions require major change in mindset wth regard to governance & public financial management . n/3.
4) Pakn has 2 choices: Option 1. A roadmap of structural reforms- tht must entail major restructuring/reduction in size of its govts, major privatisation & deregulation & governance based on principle of accountability for outcomes tht can address its structural imbalances n/4
5) Option 2- continue status quo/business as usual- remain on pain killers & in ICU- This simply is no option. Wud mean further deterioration in fiscl, extrnal accnt imbalances & mounting of debt to level tht even an IMF progrm will be insufficient to rescue us from default 5/5
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