Economic policies seem quarantined amidst the whole Covid-19 hubbub

News Image

By MG News | March 16, 2020 at 04:46 PM GMT+05:00

0:00

March 16, 2020 (MLN): At a time when the regulatory authorities across the globe are busy planning and coming up with measures to revive their respective economies, the ministries within Pakistan are quite missing in action.

The same thought was recently put forth by a renowned economist, Mr. Muzammil Islam on his social media handle, wherein he sort of questioned the Finance Advisor, Abdul Hafeez Shaikh for failing to come up with effective policy responses.

‘It seems like our Finance Minister Dr. Hafeez Shaikh has self-isolated himself and effectively in quarantine. No policy response so far from all regulators. I believe their confidence level has shaken, fear from media and NAB is restricting them to come over media’.

He however suggested that the State must take the following three policy steps in order to improve the sentiments of the investors:

1- 100-250bps cut in policy rate

2- 100-200bps cut in tax rates

3- partial pass on petroleum prices

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 122,143.57
238.19M
-1.57%
-1949.56
ALLSHR 76,055.22
966.52M
-1.36%
-1051.07
KSE30 36,883.30
115.66M
-1.74%
-653.39
KMI30 180,397.18
129.11M
-2.16%
-3973.50
KMIALLSHR 52,092.45
393.86M
-1.73%
-918.69
BKTi 29,957.41
15.86M
-1.36%
-411.82
OGTi 27,188.26
11.39M
-1.70%
-471.10
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 105,715.00 106,630.00
103,010.00
-1380.00
-1.29%
BRENT CRUDE 75.18 78.50
70.41
5.82
8.39%
RICHARDS BAY COAL MONTHLY 88.00 0.00
0.00
-2.00
-2.22%
ROTTERDAM COAL MONTHLY 103.60 103.60
103.50
1.00
0.97%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 73.18 77.62
68.49
5.14
7.55%
SUGAR #11 WORLD 16.54 16.94
16.52
-0.16
-0.96%

Chart of the Day


Latest News
June 14, 2025 at 08:55 PM GMT+05:00

Sindh proposes 12% salary hike for govt employees


June 14, 2025 at 08:55 PM GMT+05:00

Sindh unveils over Rs3tr budget for FY26


June 14, 2025 at 04:48 PM GMT+05:00

Weekly Market Roundup


June 13, 2025 at 11:59 PM GMT+05:00

SBP revises export declaration format in PSW system



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg