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Global Go To Think Tank Index (GGTTI) 2020 launched                    111,75 Think Tanks across the world ranked in different categories.                SDPI is ranked 90th among “Top Think Tanks Worldwide (non-US)”.           SDPI stands 11th among Top Think Tanks in South & South East Asia & the Pacific (excluding India).            SDPI notches 33rd position in “Best New Idea or Paradigm Developed by A Think Tank” category.                SDPI remains 42nd in “Best Quality Assurance and Integrity Policies and Procedure” category.              SDPI stands 49th in “Think Tank to Watch in 2020”.            SDPI gets 52nd position among “Best Independent Think Tanks”.                           SDPI becomes 63rd in “Best Advocacy Campaign” category.                   SDPI secures 60th position in “Best Institutional Collaboration Involving Two or More Think Tanks” category.                       SDPI obtains 64th position in “Best Use of Media (Print & Electronic)” category.               SDPI gains 66th position in “Top Environment Policy Tink Tanks” category.                SDPI achieves 76th position in “Think Tanks With Best External Relations/Public Engagement Program” category.                    SDPI notches 99th position in “Top Social Policy Think Tanks”.            SDPI wins 140th position among “Top Domestic Economic Policy Think Tanks”.               SDPI is placed among special non-ranked category of Think Tanks – “Best Policy and Institutional Response to COVID-19”.                                            Owing to COVID-19 outbreak, SDPI staff is working from home from 9am to 5pm five days a week. All our staff members are available on phone, email and/or any other digital/electronic modes of communication during our usual official hours. You can also find all our work related to COVID-19 in orange entries in our publications section below.    The Sustainable Development Policy Institute (SDPI) is pleased to announce its Twenty-third Sustainable Development Conference (SDC) from 14 – 17 December 2020 in Islamabad, Pakistan. The overarching theme of this year’s Conference is Sustainable Development in the Times of COVID-19. Read more…       FOOD SECIRITY DASHBOARD: On 4th Nov, SDPI has shared the first prototype of Food Security Dashboard with Dr Moeed Yousaf, the Special Assistant to Prime Minister on  National Security and Economic Outreach in the presence of stakeholders, including Ministry of National Food Security and Research. Provincial and district authorities attended the event in person or through zoom. The dashboard will help the government monitor and regulate the supply chain of essential food commodities.

ECONOMY ? CAN THE GOVT. AFFORD TO REMAIN INDIFFERENT

conomy – Can the govt. afford to remain indifferent

Economy in Pakistan seems getting back on to the track as for the fiscal year ending this June, the State Bank of Pakistan (SBP) has envisioned the GDP to grow by 3 to 4 per cent. Given the recent political and administrative scenario
which collectively poses serious threats to macroeconomic stability, the SBP’s report seems overstated, but the central bank of Pakistan claims having witnessed the indicators that support the otherwise “tall” claim.
Given last year’s growth in GDP (stuck at mere 2.4 per cent), and government’s claims for the economy to grow by at least 4.2 percent this year, the figure predicted by the SBP is quite encouraging.
However, as per the country’s premier bank, despite this improvement in GDP growth, not everything about Pakistan economy depicts an encouraging picture. According to the recent stats, the country’s fiscal deficit is likely to grow significantly and despite frantic efforts made by the economic managers at ministry of finance to make up for the situation, it may continue to grow and end up at 5.5 to 6.5 per cent of the GDP.
This fact has also been acknowledged in a report recently launched by the SBP which states, “Containing the overall fiscal deficit to its revised target of 4.7 per cent of GDP seems to be challenging.”
Controlling fiscal deficit has been a real challenge for the government lately. Planned to be contained at around 4 percent in the ongoing fiscal year, with four months still to go before this financial year will end, the government has revised it to a moderate 4.7 per cent.  In the backdrop of present economic situation, the figure is likely to go up further by the time the present incumbent presents next year’s budget.
Faced with the challenge to bridge this gap, and after being offered a cold shoulder by the International Financial Institutions, the government will have no other choice but to approach commercial banks for loans – curbing their ability further to lend money to the already dried up private sector and culminating in choking the growth further.
On external fronts, the SBP perceives the current account deficit to stick around 1.5 and 2.5 per cent of the GDP for the fiscal year 2011/2012. According to the recent available data, the current account deficit has already widened to $ 2.952 billion in the first eight months of the FY 11/12, which accounts to about 1.26 per cent of the GDP.
While the current account deficit doesn’t seem big at the moment, combined with deficit financing, it too can transform into a major concern. And in absence of lack of external funding resources, the central bank will have rely on its foreign exchange reserves to finance the deficit.
A blow to forex reserves will add pressure to the already weakening rupee which currently strives to maintain itself little below 91 and has survived from a record low of 91.28 back in January.
According to the State Bank of Pakistan, the inflation is expected to remain between 11 to 12 percent, compared with the government’s target of 12 per cent. However, this too is a rigid figure as according to the economic experts,
the inflation never came down from 18 while touching a maximum of 23 per cent last year. For govt. having significant increase in POL and electricity prices in the days to come on its cards, the figure is likely to swell further.

The opinions expressed in this article are the author's own and do not necessarily reflect the viewpoint or stance of SDPI.