Saturday, May 24, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Headline

Flawed economic model resulting in repeated crisis; Dr. Murtaza Mughal

News Desk
September 22, 2021
Flawed economic model resulting in repeated crisis; Dr. Murtaza Mughal
Share on FacebookShare on Twitter

On September 21, 2021, Dr. Murtaza Mughal, President of The Pakistan Economy Watch (PEW) on Tuesday said Pakistan’s economic model is flawed and full of contradictions but the policymakers prefer shortcuts over sustainable development.

The policy to boost exports through subsidies is wrong as boosting exports require consistent policies, improved industrial investment and a focus on new technologies, it said.

Whenever the government has tried to boost exports artificially, it has resulted in trade deficit, inflation, exchange rate erosion, increased value of dollar, and mini-budget, said Dr. Murtaza Mughal, President PEW.

He said that sometimes mini-budgets fail to deliver, leading the government to seek loans from the IMF and other sources.

He said that repeated failed experiments have failed to push the policymakers to design an improved and sustainable economic and export model.

Dr Murtaza Mughal said that the current government inherited a trade deficit of 37.6 billion dollars which was reduced to 23.3 billion dollars in two years but now the trade deficit of July and August has jumped to 7.5 billion dollars which will set a new record if not controlled.

Dr. Mughal said that the policy rate hike by 0.25 percent by the central bank is insufficient as it will not stop the fall of rupee which is becoming as worthless as a tissue paper.

The SBP should have increased interest rates by one percent to increase it gradually to improve the economic situation, he said.

Tags: crisisPEWThe Pakistan Economy Watch
News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

Balochistan EconoBmic Forum in Collaboration with the Chinese Consulate celebrated it’s 33rd Anniversary & 12th Anniversary of CPEC
Business

Balochistan EconoBmic Forum in Collaboration with the Chinese Consulate celebrated it’s 33rd Anniversary & 12th Anniversary of CPEC

May 23, 2025
Meeting with Deputy Commissioner Tharparkar
Headline

Meeting with Deputy Commissioner Tharparkar

May 23, 2025
he Pakistan Association of the Dermatology arranged one day free workshop
Business

he Pakistan Association of the Dermatology arranged one day free workshop

May 23, 2025
Sindh Government establishes lab in KU to increase COVID- 19 testing capacity
Headline

Karachi Sees Rise in COVID-19 Cases, Four Deaths Reported in Two Weeks

May 23, 2025
SBP keeps interest rate unchanged at 12%
Headline

Banks to Remain Closed on May 28 for Youm-e-Takbeer

May 23, 2025
Engro Secures Approvals for Landmark Partnership to Expand Telecom Infrastructure, Paving the Way for Pakistan’s Digital Future
Business

Engro Secures Approvals for Landmark Partnership to Expand Telecom Infrastructure, Paving the Way for Pakistan’s Digital Future

May 23, 2025
Why have Bitcoin prices hit a record high?
Headline

What is Bitcoin Mining and How Does It Work?

May 23, 2025
Karachi woman steals 20 tola gold before Umrah trip
Business

Gold Price Soars by Rs3,500 Per Tola in Pakistan

May 23, 2025
Vacancies Open for Pakistani Female Beauticians in Saudi Arabia – Apply by June 8, 2025
Headline

Vacancies Open for Pakistani Female Beauticians in Saudi Arabia – Apply by June 8, 2025

May 23, 2025
UAE Dirham Holds Steady at PKR 76.44 – Exchange Rate Update for May 23, 2025
Headline

UAE Dirham Holds Steady at PKR 76.44 – Exchange Rate Update for May 23, 2025

May 23, 2025
Next Post
American singer

American singer Britney Spears returns to Instagram.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

Zarnab Shastri’s Private Videos Leaked Amid Manahil Malik’s Controversy

Another leak: TikToker Somal Mohsin’s private videos go viral

Sajal Malik Video Leak Sparks Controversy as Fans and Critics Debate

Aga Khan University Celebrates Student Innovation at Concluding Ceremony of President’s Challenge for Climate Solutions

Torino Comics Honors Akira Toriyama, Creator of Dragon Ball and Dr. Slump

Must Read

Election 2018: Army to remain within mandate
PAKISTAN

Election 2018: Army to remain within mandate

July 20, 2018
ECP schedules hearing on PTI intra-party elections for January 21
PAKISTAN

ECP schedules hearing on PTI intra-party elections for January 21

January 14, 2025
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.