Managing the economy
Thursday, June 11, 2009
Dawn, Pakistan
By Zafar Iqbal
Thursday, 11 Jun, 2009
WE do not seem to be doing anything serious at present except obeying the IMF which has not changed its views about developing countries. This is not entirely wrong. A country which continues running current account deficits and fiscal deficits does need checking.
The ADB has now said that Pakistan is living beyond its means. Why was it quiet when Shaukat Aziz’s financial prime ministership was doing so through his policy of liberalisation, deregulation and privatisation? Liberalisation meant increasing imports; deregulation meant allowing people to do as they pleased — in the stock market.
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By Zafar Iqbal
Thursday, 11 Jun, 2009
WE do not seem to be doing anything serious at present except obeying the IMF which has not changed its views about developing countries. This is not entirely wrong. A country which continues running current account deficits and fiscal deficits does need checking.
The ADB has now said that Pakistan is living beyond its means. Why was it quiet when Shaukat Aziz’s financial prime ministership was doing so through his policy of liberalisation, deregulation and privatisation? Liberalisation meant increasing imports; deregulation meant allowing people to do as they pleased — in the stock market.
Read More
posted @ 9:15 AM,
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