Department of Public Expenditure NDP Delivery & Reform’s Post

The article in today’s Dawn sheds light on the Government's decision to allocate approximately Rs. 1.059 billion to advertise its so-called ‘achievements’ on the economic front. This decision comes at a time when key economic indicators paint a bleak picture. IT exports have declined by 2% MoM, not surprising given the outdated internet infrastructure. Public Sector Development Program (PSDP) spending stands at a mere 10.4% of the allocated Rs. 1.1 trillion, which itself is only a third of the Rs. 2.9 trillion demanded. Inflation is contained at 4.9% YoY, largely due to a high base effect from last year rather than structural improvements. Meanwhile, industrial output, as measured by the LSM Index, has shrunk by 0.64% (July-Oct), reflecting a stagnant economy, and consumer confidence continues to decline, with the CCI falling by 1.8% in November. It is deeply unfortunate that the Government has chosen to spend such a significant amount on ‘celebrating’ and marketing its ‘achievements,’ which are nothing more than a fragile glass wall holding back a flood. The day fiscal pressures force this wall to break, the economy will face a deluge, and every rupee spent on marketing this 'Janus-faced' reality will come back to haunt. #EconomicPolicy #FiscalResponsibility #StagnantEconomy #ConsumerConfidence #DevelopmentSpending #PakistanEconomy

Today marks two years since the passage of the Inflation Reduction Act (IRA), and a lot has happened. As of today, half the states and territories have submitted applications, two states have launched their programs, and 15 states aim to launch programs by the end of this year! Check out our latest blog, where we recap all the milestones of the past two years: https://bit.ly/3Mfmc6F #EnergyEfficiency #InflationReductionAct #Sustainability

The country’s bid to transition into a digital and green economy, ensuring efficient use of resources and maximum output will not materialise unless steps are expedited to ease access to finance at reasonable rates, say experts. Find out why from here: https://lnkd.in/dRpS7ZGd #BFTOnline #EconomicNews #FinancialNews #BusinessNews

The 2022 Inflation Reduction Act is spurring a surge of investment in #SmartBuildings for #EnergyEfficiency and #Sustainability. Learn why the technology is becoming more valuable to state and #LocalGovernments. https://dy.si/Muv2yH2

The 2022 Inflation Reduction Act is spurring a surge of investment in #SmartBuildings for #EnergyEfficiency and #Sustainability. Learn why the technology is becoming more valuable to state and #LocalGovernments. https://dy.si/BYhqf

The 2022 Inflation Reduction Act is spurring a surge of investment in #SmartBuildings for #EnergyEfficiency and #Sustainability. Learn why the technology is becoming more valuable to state and #LocalGovernments. https://dy.si/BinDQQ

The 2022 Inflation Reduction Act is spurring a surge of investment in #SmartBuildings for #EnergyEfficiency and #Sustainability. Learn why the technology is becoming more valuable to state and #LocalGovernments. https://dy.si/5fT4EH2

The 2022 Inflation Reduction Act is spurring a surge of investment in #SmartBuildings for #EnergyEfficiency and #Sustainability. Learn why the technology is becoming more valuable to state and #LocalGovernments. https://dy.si/7tE8vNo

The 2022 Inflation Reduction Act is spurring a surge of investment in #SmartBuildings for #EnergyEfficiency and #Sustainability. Learn why the technology is becoming more valuable to state and #LocalGovernments. https://dy.si/RjLwm

The 2022 Inflation Reduction Act is spurring a surge of investment in #SmartBuildings for #EnergyEfficiency and #Sustainability. Learn why the technology is becoming more valuable to state and #LocalGovernments. https://dy.si/3Q7Sh