Monthly Archives: May 2023

By Salman Siddiqui Published in The Express Tribune on May 23, 2023 KARACHI: The Pakistani currency experienced a sharp decline, dropping 1.31% or Rs4 in a single day, reaching a new all-time low at Rs305 against the US dollar on Monday. This downward trend has persisted over the past four working days, with the currency plummeting approximately […]

By Usman Hanif Published in The Express Tribune on May 20, 2023 KARACHI: The State Bank of Pakistan (SBP) has raised concerns over Pakistan’s information technology (IT) sector, revealing that a mere 10 % of IT graduates possess the necessary skills to secure employment in the industry. The SBP’s half-year report on the country’s economic condition highlights[…]

By Shahbaz Rana Published in The Express Tribune on May 17, 2023 ISLAMABAD: A new report by the International Monetary Fund (IMF) has said Pakistan’s Public Sector Development Programme (PSDP) has become “unaffordable” due to limited fiscal space, as the government again proposes only Rs700 billion for the development budget for the next fiscal year. “The PSDP[…]