Asset 1

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.

Mubarak Zeb Khan


Published Date: Dec 25, 2019

Govt’s resolve to implement reforms could mitigate economic risks: IMF

ISLAMABAD: Slow economic growth, failure to get out of the grey-list are some of the major risks faced by the country in its stabilisation programme under the $6 billion Extended Fund Facility (EFF), said the International Monetary Fund (IMF) on Tuesday.
The risks were highlighted by IMF Resident Representative Teresa Daban Sanchez, while clarifying the confusions around the first review of Pakistan’s economic performance under the EFF.
She was speaking at a session organised by the Sustainable Development Policy Institute.
At the outset, Sanchez said that Pakistan’s overall macro-economic performance remained satisfactory while revenue collections increased substantially, and there is improvement in the trade deficit and net foreign assets as well.
She went on to say that although inflation has started to stabilise, high food prices continue to remain a major concern. Owing to stabilisation policies, the government, she said public debt, although at a high level, is sustainable.
While highlighting risks to the programme sustainability, Sanchez said that slower growth could undermine fiscal consolidation strategy and opposition to institutional reforms, which may result in stagnant economic growth and hamper the pass on the benefit from reforms to the population.
The resident representative said failure to get out of the Financial Action Task Force grey-list could have implications on capital inflows to the country. “Owing to lack of a majority by the ruling party in the upper house, provinces may under deliver on their surplus commitments,” she added.
“The authorities’ steadfast commitment to the programme and decisive policy and reform implementation could help mitigate these risks,” she said while adding that close monitoring, with quarterly reviews, which allow for adjustment and improvements coupled with strong support by the international community, in the form of financial assurances and continue calibration and potential scaling up of social spending can help tackle the risks and faster recovery.
Sanchez said that as per the Memorandum of Economic and Financial Policies (MEFP), government is committed to strengthen tax administration and advancing tax policy by eliminating exemptions by FY2021.
She said that a joint working group on harmonisation of general sales tax will have to be constituted by March 2020. Moreover, under the MEFP, the government will improve governance of state-owned enterprises (SOEs) through privatisation of two LNG plants by end FY2020.
Under the agreement, the government will also have to publish audits of the Pakistan International Airlines and Pakistan Steel Mill by December coupled with new SOEs’ legal framework and triage, both by end of September 2020.
Regarding poverty reduction and social protection actions as envisaged in the MEFP, the authorities are committed to higher spending by expanding Rs180 billion allocations for the BISP and better targeting by updating the National Socio-Economic Registry (NSER).
While responding to a question, Sanchez clarified that the IMF does not dictate economic policies of the government; instead it provides technical support to the government in order to take right decisions. She said the fund is not asking for any increase in utility tariffs but to adjust the cost of generation with the tariff so that power sector losses could be avoided.
She said there was a successful transition towards a market-based exchange rate regime by the government which helped increase foreign exchange reserves. The government was also successful in controlling expenditures with the help of new public finance management law and avoid borrowing from the central bank, she added.
However, economic activity was softening as the economy adjusts to a new stabilisation policies, she added.
On the revenue side, she said the reduction in revenue collection targets will be appraised in the next quarterly reviews of the programme.
The IMF reduced the FBR target to Rs5.23 trillion from Rs5.55tr mainly because of reduction in imports. The FBR collects around 40 per cent of total revenue at import stage.