Macro Policy Lab

Serve as an experimental hub for cutting edge research for macro economy and fostering innovation in the field of fiscal and monetary policies.

[Macro Policy Lab @MacroPolicyLab]

🏦 PIDE MPL projects a 100 bps rate cut, bringing the SBP policy rate from 11% to 10% .
@nadeemjavaid75 @Haider_PIDE @drniqbal @drhafsahina @PIDEpk @PlanComPakistan

[Pakistan Institute of Development Economics (PIDE) @PIDEpk]

𝗣𝗜𝗗𝗘 𝗥𝗲𝗺𝗶𝘁𝘁𝗮𝗻𝗰𝗲 𝗠𝗼𝗻𝗶𝘁𝗼𝗿

𝗥𝗲𝗺𝗶𝘁𝘁𝗮𝗻𝗰𝗲𝘀 𝗿𝗲𝗺𝗮𝗶𝗻 𝘀𝘁𝗿𝗼𝗻𝗴, 𝗯𝘂𝘁 𝗰𝗼𝗻𝗰𝗲𝗻𝘁𝗿𝗮𝘁𝗶𝗼𝗻 𝗿𝗶𝘀𝗸𝘀 𝗽𝗲𝗿𝘀𝗶𝘀𝘁.

Pakistan recorded $3.83 billion in remittances in March 2026, reflecting a 17% month-on-month increase, though slightly down on a yearly basis as compared to March-25. Overall, inflows have reached $30.3 billion in 9MFY26, up 8% YoY, indicating continued resilience.

However, nearly 70% of remittances originate from a few key countries, including KSA, UAE, USA, and the UK, highlighting a critical need for diversification in overseas employment markets.

With steady growth trends and rising inflows, the focus must now shift towards expanding labor corridors to emerging Asian economies and strengthening long-term sustainability.

@nadeemjavaid75, @betterpakistan

#PIDE #Remittances #EconomicInsights #PakistanEconomy

[Pakistan Institute of Development Economics (PIDE) @PIDEpk]

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥-𝐥𝐞𝐝 𝐠𝐫𝐨𝐰𝐭𝐡 𝐝𝐫𝐢𝐯𝐞𝐬 𝐫𝐞𝐜𝐨𝐯𝐞𝐫𝐲

Strong performance in manufacturing, electricity, gas & water supply, and construction pushed industrial growth to 7.40% in Q2 FY2025-26, making industry the primary driver of overall growth.

𝐔𝐧𝐞𝐯𝐞𝐧 𝐬𝐞𝐜𝐭𝐨𝐫𝐚𝐥 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞
While services remained stable, agriculture grew modestly (1.76%), with gains driven mainly by livestock, as crop-related activities continued to underperform.

𝐑𝐢𝐬𝐤𝐬 𝐭𝐨 𝐠𝐫𝐨𝐰𝐭𝐡 𝐦𝐨𝐦𝐞𝐧𝐭𝐮𝐦
Despite overall growth improving to 3.89%, rising energy costs and regional uncertainty pose downside risks to industrial sustainability and broader economic stability.

𝐏𝐨𝐥𝐢𝐜𝐲 𝐌𝐞𝐬𝐬𝐚𝐠𝐞
Growth remains industry-led but fragile. Sustaining momentum requires:
•Protecting industrial activity from rising input and energy costs
•Strengthening agricultural productivity, particularly in crops
•Maintaining stability in services to support overall growth

𝐓𝐡𝐞 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲
Pakistan’s recovery is gaining pace but remains uneven. Long-term, sustainable growth will depend on balancing industrial strength with agricultural resilience.

@nadeemjavaid75, @betterpakistan, @PlanComPakistan, @GovtofPakistan, @SMNaeemNawaz, @FaheemJehangir, @Fizzscreams

#PakistanEconomy #EconomicGrowth #IndustrialGrowth #EnergyCrisis

[Pakistan Institute of Development Economics (PIDE) @PIDEpk]

𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐌𝐨𝐧𝐢𝐭𝐨𝐫

𝐄𝐧𝐞𝐫𝐠𝐲-𝐝𝐫𝐢𝐯𝐞𝐧 𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐧𝐨𝐰 𝐭𝐡𝐞 𝐩𝐫𝐢𝐦𝐚𝐫𝐲 𝐫𝐢𝐬𝐤 𝐝𝐫𝐢𝐯𝐞𝐫
The surge in Housing & Energy (11.5%) and Transport (12.5%) highlights strong fuel price pass-through—making inflation more vulnerable to external shocks.

𝐂𝐨𝐫𝐞 𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐦𝐚𝐢𝐧𝐬 𝐩𝐞𝐫𝐬𝐢𝐬𝐭𝐞𝐧𝐭𝐥𝐲 𝐬𝐭𝐢𝐜𝐤𝐲
Rising costs in Health, Education, and Miscellaneous signal deeper structural pressures—not just temporary fluctuations.

𝐏𝐨𝐥𝐢𝐜𝐲 𝐌𝐞𝐬𝐬𝐚𝐠𝐞
Inflation is increasingly structural and energy-led. Addressing it requires a balanced strategy:
* Cautious monetary policy
* Targeted energy pricing
* Supply-side interventions

𝐓𝐡𝐞 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲
Stabilizing inflation now means tackling its structural roots, not just managing demand.

@nadeemjavaid75, @betterpakistan, @PlanComPakistan , @GovtofPakistan, @Financegovpk, @SMNaeemNawaz, @wajidislam01

#InflationMonitor #PakistanEconomy #PIDE #EconomicPolicy #Inflation #EnergyPrices

[Pakistan Institute of Development Economics (PIDE) @PIDEpk]

𝗠𝗮𝗻𝗮𝗴𝗶𝗻𝗴 𝗢𝗶𝗹 𝗦𝗵𝗼𝗰𝗸𝘀: 𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻’𝘀 𝗙𝗶𝘀𝗰𝗮𝗹 𝗥𝗶𝘀𝗸𝘀 𝗮𝗻𝗱 𝗣𝗼𝗹𝗶𝗰𝘆 𝗖𝗵𝗼𝗶𝗰𝗲𝘀

Oil shocks are not temporary disruptions for Pakistan; they are a direct fiscal risk.

PIDE’s latest Policy Viewpoint by Dr. Nasir Iqbal, Dr. SM Naeem Nawaz and Amna Riaz shows that even a moderate oil shock can significantly reduce the primary surplus and widen the fiscal deficit, putting stability at risk.

Pakistan needs a credible and timely fiscal response to manage oil price volatility.

Read more: https://t.co/yhyWPMeiQi

@nadeemjavaid75, @betterpakistan, @drniqbal, @SMNaeemNawaz, @AmnaRiaz616

#PIDE #PakistanEconomy #FiscalPolicy #OilPrices #IranUSA

[FZ @ZulfiqarFahd]

@ShujaatSohal @PIDEpk @PlanComPakistan @UNICEF_Pakistan @NJLahori @nadeemjavaid75 @PernilleUNICEF @RubinakhalidPPP @bisp_pakistan @betterpakistan Panel discussion, *From Evidence to Action - Embedding Research in Policy & Practice*

#ForEveryChild
#EvidenceForChildren
#EvidenceBasedPolicy
#UNICEF
#PIDE

[Amna Riaz @AmnaRiaz615]

Pakistan’s persistently low savings continues to restrict investment, productivity, and economic resilience.
Why do households and firms save so little? What policy failures keep this cycle locked?
Join us at PIDE for a deep dive into:
The Challenges of Low Savings in Pakistan.

[Nasir Iqbal @drniqbal]

💸 Are We Saving Less — or Just Measuring It Wrong?

As Pakistan grapples with persistent macroeconomic challenges, one recurring issue demands deeper scrutiny: Why is our national savings rate so low?

Ahead of PIDE’s upcoming seminar on “The Challenge of Low Savings in Pakistan”, I invite policymakers, researchers, and students to reflect on some pressing questions:

🔹 Are households truly saving less, or are informal savings — in land, livestock, and gold — being systematically ignored in national accounts?

🔹 What incentives or disincentives does the current economic environment offer for saving?

🔹 Are we missing the broader behavioral story — trust in financial institutions, inflation uncertainty, and intergenerational security?

🔹 What are the economic returns to saving in Pakistan’s distorted markets? Is saving even rational under such circumstances?

Let’s start a conversation beyond numbers — one that connects measurement, incentives, and trust in the system.

🧠 Join the discussion at the upcoming PIDE Seminar Series. Looking forward to engaging insights!

#PIDE #SavingsCrisis #PakistanEconomy #BehavioralEconomics #FinancialInclusion #PolicyDebate #LowSavings #EconomicReform

[Pakistan Institute of Development Economics (PIDE) @PIDEpk]

Join @PIDEpk for upcoming seminar on “𝗧𝗵𝗲 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗼𝗳 𝗟𝗼𝘄 𝗦𝗮𝘃𝗶𝗻𝗴𝘀 𝗶𝗻 𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻"
Our distinguished panel of experts from @StateBank_Pak and PIDE will discuss the root causes of Pakistan’s persistently low domestic savings: from low per-capita income, high consumption, inflation and fiscal deficits, to weak financial inclusion and behavioral factors identified in SBP’s own analysis.

Date & Time: December 10, 2025 (Wednesday) at 02:00 PM (PKT)
Venue: JCR Hall, PIDE
Online Participation via Zoom ID: 825 1833 1615 | Code: 988095

Don’t miss this discussion on a critical structural issue affecting investment and long-term growth in Pakistan.

@nadeemjavaid75, @betterpakistan, @SR_Jamali, @Haider_PIDE, @Kalhorozulfiqar

#PIDEseminar #PIDE_SBP #PakistanEconomy #Savings #LowSavings

[Amna Riaz @AmnaRiaz615]

Real change begins when evidence meets action. Join us for a full day of ideas, networking & meaningful conversations.
Register now for our National Knowledge Exchange Event
@nadeemjavaid75 @drniqbal @ShujaatSohal
#ForEveryChild
#EvidenceForChildren
#EvidenceBasedPolicy
#UNICEF

[Pakistan Institute of Development Economics (PIDE) @PIDEpk]

Empowering tomorrow’s leaders! 🚀
Under the Prime Minister’s Laptop Scheme, high-achieving students received laptops to accelerate their learning, strengthen their talent, and expand their future possibilities.

Speaking at the ceremony, @PIDEpk Vice Chancellor Dr. Nadeem Javaid (@nadeemjavaid75) congratulated the recipients and remarked:
“We are now in an era where access to technology isn’t a privilege — it’s a prerequisite for success. A laptop in a student’s hands is not just a device; it’s a bridge to knowledge, opportunity, and national transformation.”

@betterpakistan, @PlanComPakistan, @hecpkofficial, @GovtofPakistan, @karimeconomist, @drniqbal, @Kalhorozulfiqar

#PIDE #LaptopScheme #DigitalPakistan #YouthEmpowerment #EducationForAll #FutureReady #HighTechEra

[Pakistan Institute of Development Economics (PIDE) @PIDEpk]

𝐏𝐈𝐃𝐄 𝐒𝐞𝐦𝐢𝐧𝐚𝐫

𝐁𝐫𝐢𝐝𝐠𝐢𝐧𝐠 𝐆𝐚𝐩𝐬 𝐢𝐧 𝐏𝐚𝐤𝐢𝐬𝐭𝐚𝐧’𝐬 𝐀𝐈 𝐑𝐨𝐚𝐝𝐦𝐚𝐩: 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬, 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬, 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐖𝐚𝐲 𝐅𝐨𝐫𝐰𝐚𝐫𝐝

Discover how AI can drive Pakistan’s growth by addressing opportunities, overcoming policy challenges, and building an inclusive roadmap for the future.

𝐒𝐩𝐞𝐚𝐤𝐞𝐫𝐬:
• Ms. Suniya Shahid - CEO & Co-founder of @Techvention_ae
• Dr. Aneel Salman (@SalmanAneel) – OGDCL- @IPRI_Pak Chair, Economic Security
• Dr Najeeb Ullah (@DRNajeebullahM) – Member, Science & Technology, @PlanComPakistan
• Dr. Naveed Iftikhar (@navift) – Co-Founder, @atomcamp

𝐌𝐨𝐝𝐞𝐫𝐚𝐭𝐨𝐫:
• Mr. Wajid Islam (@wajidislam01) – Research Economist, @PIDEpk

𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐚𝐫𝐞:
📅 October 1, 2025 (Wednesday)
🕑 2:00 PM (PKT)
📍 JCR Hall, PIDE
🌐 Online Audience can join via
Zoom: Meeting ID 825 1833 1615
Passcode: 988095
Facebook Live: https://t.co/lBqBQRDOY6

@nadeemjavaid75 @betterpakistan @PlanComPakistan @Kalhorozulfiqar

#PIDE #AIStrategy #Innovation #Technology #Development #ArtificialIntelligence

[Pakistan Institute of Development Economics (PIDE) @PIDEpk]

Pakistan risks losing market share if it keeps exporting unskilled labor. To stay competitive, it must shift to high-value sectors & align its workforce with host countries’ needs. By Amna Riaz Research Economist at PIDE.
@nadeemjavaid75
Read more: https://t.co/OtV1jcqcYM

[Amna Riaz @AmnaRiaz615]

My take on Rethinking remittances!!
@MacroPolicyLab

[Macro Policy Lab @MacroPolicyLab]

Pakistan Zindaabad!! 💚

[Pakistan Institute of Development Economics (PIDE) @PIDEpk]

Happy Independence Day 🇵🇰

Today, we honour our beloved homeland — a beacon of dignity, opportunity, and hope for every Pakistani.

At @PIDEpk, the day was marked by a flag-hoisting ceremony led by Vice Chancellor Dr. Nadeem Javaid (SI), joined by the PIDE community. As the national anthem filled the air, it echoed the sacrifices that won us freedom and the values that bind us together.

Reflecting on the occasion, Dr. Javaid said:
“Independence is not just a gift—it is a responsibility. At PIDE, we are committed to shaping ideas, policies, and leaders that will build a future where every citizen thrives, our economy prospers, and our national spirit remains unshakeable.”

May we remain united in purpose, steadfast in progress, and unwavering in our love for Pakistan.

Pakistan Zindabad.

@nadeemjavaid75 @betterpakistan @PlanComPakistan @karimeconomist @drniqbal @ShujaatSohal @FaheemJehangir @Mjehangirkhan10 @Kalhorozulfiqar

#Pakistan #IndependenceDay #PIDE #Celebrations #14اگست

[RASTA PIDE @RASTA_PIDE]

Are you a postgraduate or PhD candidate in Economics, Public Policy, or related fields?

Apply for the prestigious YRDI Fellowship @PIDEpk

📅 Application Deadline: 25th August 2025

🔗 Apply Now: https://t.co/JfzoNxkuRH

@betterpakistan @nadeemjavaid75
#Youth #Research #Pakistan

[Macro Policy Lab @MacroPolicyLab]

@ShahidM51995575 Here is the link of session's live streaming
https://t.co/AVESz4vjbl

[Macro Policy Lab @MacroPolicyLab]

Dr. Hafsa Hina, member of PIDE MPL, was discussant at the seminar Monetary Model for Debt & Deficit-Free, Stable Growth. She extensively engaged in the discussion on the proposed model highlighting its potential implications for monetary policy, inflation, and financial reforms

[Pakistan Institute of Development Economics (PIDE) @PIDEpk]

PIDE Seminar
The Economic Reset: A Monetary Model for Debt & Deficit-Free, Stable Growth.

@PIDEpk hosted a seminar featuring Mr. Qanit Khalilullah (@QanitKhalilull1) who presented his proposal for a Full Reserve – Interest-Free Money & Banking System aimed at helping Pakistan tackle debt, inflation, and currency instability.

- Commercial banks to maintain 100% reserves from deposits
- Commercial Banks to shift from lending model to profit-sharing investments
- Money creation by the central bank only
The session, moderated by Mr. M. Shaaf Najib (@MShaafNajib14) with Dr. Hafsa Hina (@drhafsahina) as discussant, sparked a meaningful debate with PIDE researchers on the feasibility and implications of such a system.

@nadeemjavaid75 @betterpakistan @PlanComPakistan @karimeconomist @ShujaatSohal @Kalhorozulfiqar

#PIDEseminar #Research #EconomicReset #MonetaryModel #Debt #Growth

[Pakistan Institute of Development Economics (PIDE) @PIDEpk]

A Newspaper Article on "A fragile global recovery: what it means for Pakistan?" by @AmnaRiaz615 , Research Economist at PIDE, published in Business Recorder.

@nadeemjavaid75 @betterpakistan @Kalhorozulfiqar
#Pakistan #IMF #trade #Tarrif
Read more: https://t.co/WJyb3GlDYB

[Pakistan Institute of Development Economics (PIDE) @PIDEpk]

Shaping the Future: PIDE Reviews 3-Year Rolling Research Plan

Vice Chancellor Dr. Nadeem Javaid (SI) convened a meeting with the Directors of PIDE’s Research Centers, their teams, and Deans to critically review and align the Three-Year Rolling Research Plan.

Each Director presented a forward-looking research agenda aimed at addressing Pakistan’s most pressing economic, social, and environmental challenges. Dr. Nadeem Javaid reaffirmed PIDE’s unwavering commitment to evidence-based policymaking, research innovation, and impact-driven solutions to support the country’s sustainable development.

@nadeemjavaid75 @betterpakistan @Kalhorozulfiqar
#PIDE #StrategicVision #EvidenceBasedPolicy #PolicyResearch #SustainableDevelopment #EconomicInnovation #Pakistan2030

[Pakistan Institute of Development Economics (PIDE) @PIDEpk]

📢 100 bps rate cut by the SBP today, bringing the policy rate down to 10%; PIDE Macro Policy Lab projects

📉 Inflation has eased sharply — FY25 average at 4.49%, the lowest in a decade.
📊 Real interest rates remain comfortably positive (300–500 bps).
💼 Room to facilitate private-sector growth and investment without eroding inflation stability.
🌍 External buffers strengthened via remittances & current account surplus.
📉 Growth is modest, but inflation risks are contained.
This move would balance stability with recovery.

@nadeemjavaid75 @betterpakistan @StateBank_Pak @PlanComPakistan @Financegovpk @drhafsahina

#PIDE #SBP #MonetaryPolicy #InterestRate #Inflation #PakistanEconomy