Beaconhouse National University's Center for Policy Research (BCPR) proudly unveils its newest initiative, "The Policy Beacon," a policy brief series aimed at analyzing current challenges and offering expert recommendations to decision-makers. This groundbreaking series covers all disciplines taught at BNU, providing a holistic approach to addressing pressing issues.

The inaugural edition of The Policy Beacon titled "IMF Projections for 2023-24" has been authored by the esteemed Dr. Hafiz A. Pasha. As a Professor Emeritus in the Department of Economics at the School of Business, BNU, and the Director of BCPR, Dr. Pasha brings unparalleled expertise to the forefront of economic analysis and policy recommendations.

"The Policy Beacon" series serves as a beacon of knowledge for policymakers, scholars, and the public, offering valuable insights and actionable proposals for navigating contemporary challenges. In this first edition, Dr. Hafiz A. Pasha delves into the IMF projections for Pakistan's economic outlook in the upcoming year, shedding light on critical factors that demand attention.

Key Highlights of "The Policy Beacon - IMF Projections for 2023-24":

• Severe stagflation with rising unemployment and high poverty rates.
• GDP to contract by -0.5% in 2022-23, recover at 2.5% in 2023-24.
• Average inflation at 29.6% in 2022-23, expected at 26% in 2023-24.
• Unemployment rate at 8.5% in 2022-23, projected 9.1% in 2023-24.
• Budget deficit at 7.6% in 2022-23, expected at 7.5% in 2023-24.
• Current account deficit at 1.2% in 2022-23, projected 1.8% in 2023-24.
• Foreign exchange reserves target: $9B by 2023-24.
• Policy recommendations: aggressive use of exchange rate and interest rate policies.

Dr. Pasha's expertise in the field of economics, coupled with BNU's commitment to research and education, ensures that "The Policy Beacon" will serve as a valuable resource in shaping informed decisions that positively impact Pakistan's economic future.

The first edition of "The Policy Beacon - IMF Projections for 2023-24" can be accessed at :

The Policy Beacon (1st edition) - IMF Projections for 2023-24 by Dr. Hafiz Pasha

To learn more about BCPR visit:

BNU Center for Policy Research (BCPR)