18

Aug

Remittances dip to 5-month low

By Salman Siddiqui Published in The Express Tribune on August 17, 2022 KARACHI: The flow of remittances sent home by overseas Pakistanis slowed down to a five-month low at $2.52 billion in the first month (July) of current fiscal year mainly due to lesser number of working days in the month. “Otherwise, no big change has taken […]

17

Aug

Against heavy odds

By Rashid Amjad Published in DAWN on August 17, 2022 WITH the country reaching its 75th anniversary, there has been much doom and gloom as the economy passes through another downturn triggered by its recurring trade imbalance and debt crises. Yet, it is important to remind ourselves that notwithstanding its near-insurmountable challenges, the economy has achieved some[…]

16

Aug

Pakistan’s total debt jumps to Rs60 trillion

By Shahbaz Rana Published in The Express Tribune on August 16, 2022 ISLAMABAD: Pakistan’s total debt and liabilities skyrocketed to Rs59.7 trillion as the nation added Rs12 trillion, or one-fourth of its total debt incurred in the past 74 years, in the diamond jubilee year, thanks to the imprudent fiscal policies and devastating impact of currency devaluation.[…]