15

Aug

Inflows through RDA cross $6.5b

By Salman Siddiqui Published in The Express Tribune on August 13, 2023 KARACHI: The cumulative foreign currency inflows channelled through Roshan Digital Accounts (RDAs) by overseas Pakistanis have exceeded a remarkable milestone of $6.5 billion. Accompanying this feat is a total of over 600,000 accounts established through online banking over the course of the past 35 months, […]

11

Aug

Gulf nations poised to invest billions in Pakistan: US media report

Published in The News on August 11, 2023 ISLAMABAD: Pakistan is negotiating with Gulf nations to bring in billions of dollars of investment, as Islamabad seeks the foreign currency it badly needs to stabilize its economy and the oil-rich monarchies move to diversify their economies and expand their influence, a report in Wall Street Journal said. The[…]

11

Aug

Remittances plummet to five-month low in July

By Salman Siddiqui Published in The Express Tribune on August 11, 2023 KARACHI: Significant setback as the inflow of workers’ remittances from overseas Pakistanis through official channels dropped to a five-month low of $2 billion in July. This decline has raised concerns about Pakistan’s ability to sustain import payments and manage maturing foreign debt obligations. The State[…]