EAG Cautions Against Risks of a Rise in Public Debt, Fiscal Deficit
The independent Economic Advisory Group has welcomed the federal government budget for announcing measures to boost industrial activity and export performance through wide scale tariff reduction but has cautioned against the aggressive optimism shown in the form of higher level of tax and non-tax revenue estimates. The EAG expressed the hope that the loans extended […]
EAG: Pakistan needs to switch from ‘borrowed growth’ to ‘earned growth’
The Economic Advisory Group (EAG), an independent policy network, recognises the need for achieving high growth rate, as stated by the new Finance Minister. However, the EAG emphasises that for any such growth to be sustainable it must involve addressing the distortions in the prevailing incentive structure which have continued to undermine efficient allocation of […]
EAG supports SBP autonomy, calls for clear performance benchmark
The Economic Advisory Group (EAG) met to deliberate on central bank autonomy in the context of the SBP Amendment Act, 2021, which the federal cabinet passed last week. The bill advocated for more autonomy for Pakistan’s central bank, its independence from the Ministry of Finance, and the abolishment of the Monetary Policy and Fiscal Coordination […]
Economic Advisory Group for a reset of Industrial Development Strategy
In its third meeting, the Economic Advisory Group has outlined its vision for Pakistan’s industrial development breaking away from the mould of old industrial policy set in 1960s. The members of the Group highlighted that the old industrial policy was defined on the basis of selection of winners and losers by the government which led […]