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.

Dr. Vaqar Ahmed

Daily Times

Published Date: Jun 20, 2018

The continuing fall of rupee

This month witnessed sharp volatility in the value of Pakistani currency which weakened by almost 5 percent and traded at PKR 121 to a US dollar. This happened at a time when just days before the outgoing Finance Minister had claimed that there is no need for any further devaluation. Even the Governor Central Bank is on record to have said that the currency was trading near its true equilibrium value and will not see any wide changes.
This clearly demonstrates that the public at large was misled regarding the true picture of the economy. The widening trade and fiscal deficit has increased the borrowing appetite of the government not only to support the balance of payments but also to fund its own growing administrative losses. In the case of trade balance, the previous two rounds of devaluation, regulatory duties and cash margin requirements proved inadequate to significantly curtail the growth of imports. The high-end retail shelves are filled with all types of imported exotic foods, cosmetics, smartphones and accessories. The automobile showrooms have blossomed on the back of elite’s demand for imported German and Japanese cars. Little did we know that liberalizing private consumption of our elites will end up reducing purchasing power of the poorest of the poor who are now set to see higher levels of inflation.
Artificially holding the rupee at a certain unrealistic exchange rate was never a good idea. The outgoing government should have let the currency find its true value much earlier; allowing an easier adjustment for the people of Pakistan. What happens now is that exports may see a short term increase if only Pakistan is able to provide economical and timely energy supplies to industry. Remittances through formal channels may also increase to some extent. On the negative side, the increasing crude oil prices in the international market coupled with rupee’s devaluation could increase the energy import bill in value terms in turn testing the country’s capacity to fund increased energy demand. The devaluation will also promote long term inflation due to higher burden of already procured debt and its repayments.
Final point here is that the interim government should remain transparent in the ongoing negotiations for short term debt which is bring procured from China to help stabilize the currency. The terms should be known to the public at large which ultimately has to repay this loan.