Article Type
Article
Description
In this world of Big Data, satellite imaging, data analytics and predictive analysis, it is a pity that policymakers have to make decisions based on guesstimates or incomplete information as timely, reliable, and updated data on key economic variables is not readily available. The exceptions are the Population Census of the Pakistan Bureau of Statistics (although held after 18 years, there was some controversy about Sindh data), the National Socioeconomic Registry of Ehsaas, the identity data of NADRA, the price data of the PBS, balance of payments and monetary aggregates of the SBP, public debt of the EAD and MOF, telecom data of the PTA, and tax collection of the FBR. The success story of the National Command Operation Center (NCOC) is an excellent example of data and evidence based decision-making in combatting the Covid-19 pandemic. The most deficient area is the data on real sectors of the economy (agriculture, industry and services) that is stale and outdated, collected in an ad-hoc manner and is inconsistent with other proxy variables.
Publication Source
The News
Publication Date
12-24-2021
Pages
1-4
Recommended Citation
Husain, Ishrat. (2021, December 24). Deficient data. The News, . 1-4. https://ir.iba.edu.pk/faculty-research-press/649
