Remittances rise 10pc to $13bn in five months

By Shahid Iqbal Published in Dawn, December 14, 2021 KARACHI: Remi­ttances sent by overseas Pakistani workers fell 6.6 per cent on a month-on-month basis in November but grew by almost 10pc in the first five months of the current fiscal year. The State Bank of Pakistan (SBP) data issued on Monday showed that the inflow of remittances […]

Trade deficit — the worst is almost over

By Mohiuddin Aazim Published in Dawn, December 13, 2021 There’s bad news. The trade deficit has gotten out of hand. But there’s good news too. The deficit has peaked and it is expected to shrink in the second half of the fiscal year, between January and June 2022. The Pakistan Bureau of Statistics says imports in July-Nov[…]

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Our savings & taxpaying habits

By Riaz Riazuddin Published in Dawn, December 10, 2021 WE save from our incomes and pay taxes. It is, therefore, important to review the trend in incomes first. According to the latest Household Integrated Economic Survey [HIES] 2018-19, our average monthly household income was Rs41,545, up from Rs7,168 in 2001-02. This is an average annual increase of[…]