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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.

Government to avoid IMF loan, rupee depreciation despite colossal deficit
By: Ghulam Abbas
As the government seems reluctant in approaching IMF again for another loan, as it could be political suicide for it in the next elections, the ruling party will try to handle the financial issues in next five months while leaving the interim or next government with no option but to go to IMF for meeting the monetary needs.
According to experts, the government will get more commercial loans from banks, issue more sukuk/bonds and take other short-term measures to lower pressure on reserves. “Besides, the ruling party may also seek assistance from Saudi Arabia, Turkey or China in case of emergency. The frequent visits of the prime minister and ministers of these countries indicate that the ruling party is seriously looking for alternatives to avoid IMF, devaluation of rupee and others measures which may severely damage the image of the already crisis-hit party ahead of next election,” they opined.
Meanwhile, the government may obtain short-term debts through selling local PIBs. State Bank of Pakistan has already completed a draft for launching Pakistan Development Fund for the Pakistani Diaspora in order to channelise their remittances more effectively, the experts claimed.
“In case of urgency during its last one or two months, the government may publish extra currency notes, as did by the previous government of Pakistan Peoples Party (PPP), which will ultimately push inflation up as already indicated by SBP in its recent reports,” they said.
Talking to Pakistan Today, Sustainable Development Policy Institute Deputy Executive Director Dr Viqar Ahmed said, “Apart from other indications, the SBP report now shows the government’s desperation as most of the domestic debt now being procured is short-term in nature, using instruments such as T-bills.”
The existing and projected size of the current deficit in 2017-18 is a major challenge for the incumbent government. The deficit has already doubled in the first two months of this financial year. Asian Development Bank (ADB) has recently projected that the deficit will rise to more than $ 14 billion, representing a growth of 17 per cent over last year’s level. The way things are going, experts believe, the current account deficit could approach $ 16 billion in 2017-18.
According to available data, the combined borrowing from external sources by the government, public sector enterprises, banks and the private sector reached the historic level of almost $ 16 billion in one year, 2016-17. Not so long ago, this used be the cumulative borrowing over a two to three year period. The total outstanding external debt now stands at above $ 83 billion.
A report shows that in the financial year 2016-17, traditional multilateral agencies like the IBRD, IDA and ADB provided, more or less, concessional long-term financing of almost $ 3 billion. Besides, bilateral, especially member countries of the Paris Club, gave assistance of close to $ 5 billion. China also emerged as a major financier with project assistance of $ 1.6 billion and most of the financing by its commercial banks. The overall commercial borrowing by the Government was almost $ 5 billion in 2016-17. Also, $ 1 billion was obtained by flotation of a Sukuk bond.
Along with the skyrocketing deficits, the reserves, which started declining in 2016-17, stood at $ 14 billion by the end of September 2017, which is barely enough to cover three months imports.


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