Dashed hopes
June 16, 2025
With the real economy in a deep slump and macroeconomic indicators stable, how should we describe the current state of the economy and the direction in which we are heading?
According to the just released Pakistan Economic Survey 2024-25, whatever spin you may want to give it, the economy is in a deep downturn given the collapse of the crop sector and the drastic decline in incomes in rural areas, where almost 60 per cent of the population lives and where extreme poverty is concentrated.
Read more »Labels: Budget, Pakistan Economy, Publications
posted by S A J Shirazi @ 6/16/2025 09:07:00 AM,
Federal Budget
June 11, 2025
Labels: Budget, Economic Survey
posted by S A J Shirazi @ 6/11/2025 09:33:00 AM,
Pakistan's economy is stuck in a low growth trap!
August 04, 2024
Pakistan is facing a low growth trap while the new budget essentially increases expenditure through more borrowing and a higher burden of taxes.
Increasing expenses, based on heavy borrowing, just raise the payments on borrowing, which now account for 57% of the total expenditure. This policy is clearly profligate and not sustainable; therefore, this perverse Gordian knot will have to be cut.
This is the crux of a report titled “State of Pakistan’s economy, growth, inflation, welfare and budget 2024-25”, released by the Lahore School of Economics.
Labels: Budget, GDP, Growth, Inflation, Lahore School, Pakistan, Pakistan Economy, Research
posted by S A J Shirazi @ 8/04/2024 11:33:00 AM,
GDP Growth, Inflation, and Welfare for FY 2023-24, and the Budget for FY 2024-25
August 03, 2024
The Lahore School of Economics macro model for the Pakistan economy estimates that GDP growth over the fiscal year FY 2023-2024 (Jul-Jun) has been 1.68%. This low estimate of GDP growth for FY 2023-2024, is based on a sustained weakness in sectoral growth over the first quarter (Q1), especially in large scale manufacturing, which has barely broken even, from the contraction of the previous year FY 2022-2023 of - 2.9%, compounded by a weak, below trend growth, recovery in agriculture. Our model projects that GDP growth accordingly should rise to 3.3% for FY 2024-25.
So, a flatline estimation for the annual growth rate of GDP for FY 2022-2023, has been succeeded, by a very weak GDP growth for FY 2023-2024 of 1.68%. Comparable to GOP’s estimate of GDP growth for FY 2023- 2024 of 2.4%. The IMF has a slightly higher estimate, compared to ours, for FY 2023-2024 of 2.0%. The Asian Development Bank and the World Bank have smidge higher estimates, compared to ours, for FY 2023- 2024 of 1.8% and 1.9%, respectively.
Labels: Budget, Dr. Azam Chaudhry, GDP, Growth, Inflation, Lahore School, Pakistan, Pakistan Economy, Research
posted by S A J Shirazi @ 8/03/2024 08:56:00 AM,
Federal Budget
June 12, 2024
Labels: Budget, Economic Survey
posted by S A J Shirazi @ 6/12/2024 10:37:00 AM,
Federal Budget
June 10, 2023
Pakistan Economic Survey 2022-23
Labels: Budget, Economic Survey
posted by S A J Shirazi @ 6/10/2023 09:00:00 AM,
Federal Budget
June 10, 2022
Pakistan Economic Survey 2021-22
Labels: Budget, Economic Survey
posted by S A J Shirazi @ 6/10/2022 09:35:00 AM,
Federal Budget
June 10, 2021
Pakistan Economics Survey 2020-21
Labels: Budget, Economic Survey
posted by S A J Shirazi @ 6/10/2021 03:47:00 PM,
Federal Budget
June 11, 2019
Pakistan Economic Survey 2018-19
Federal Budget 2019-2020
Labels: Budget, Economic Survey
posted by S A J Shirazi @ 6/11/2019 09:46:00 AM,
Pakistan Economic Survey
June 03, 2014
Labels: Budget, Economic Survey
posted by S A J Shirazi @ 6/03/2014 07:00:00 AM,
Federal Budget
June 12, 2013
Pakistan Economic Survey 2012-13
Federal Budget 2013-14
Labels: Budget, Economic Survey
posted by S A J Shirazi @ 6/12/2013 04:44:00 PM,
Federal Budget 2011-12
June 05, 2011
Federal Budget 2011-12 here.
Labels: Budget
posted by S A J Shirazi @ 6/05/2011 01:17:00 PM,
Economic Survey of Pakistan
June 03, 2011
Labels: Budget
posted by S A J Shirazi @ 6/03/2011 11:14:00 AM,
Economic Survey of Pakistan 2009-10
June 05, 2010
Labels: Budget
posted by S A J Shirazi @ 6/05/2010 11:10:00 AM,
Pre Budget Discussions at Lahore School of Economics
May 31, 2010
Labels: Budget, Pakistan Economy
posted by S A J Shirazi @ 5/31/2010 01:50:00 PM,
Federal Budget
June 14, 2009
Labels: Budget, Pakistan Economy
posted by S A J Shirazi @ 6/14/2009 02:00:00 PM,
Economic Survey 2008-09
June 12, 2009
Labels: Budget, Pakistan Economy
posted by S A J Shirazi @ 6/12/2009 10:28:00 AM,
Pakistan’s National Budget
May 20, 2008
Labels: Budget
posted by S A J Shirazi @ 5/20/2008 12:08:00 PM,
Federal Budget 2007-08
June 11, 2007
Pakistan Economic Survey 2006-07
Labels: Budget, Pakistan Economy
posted by S A J Shirazi @ 6/11/2007 11:30:00 AM,
Federal Budget 2006-7
June 06, 2006
Budget Speech 2006-07 Highlights of the Economy 2005-06 Salient Features of the Federal Budget 2006-07 Finance Bill - 2006
Labels: Budget, Economic Survey
posted by S A J Shirazi @ 6/06/2006 08:44:00 PM,
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