Survey silent on job losses

By Aamir Shafaat Khan Published in Dawn on June 09, 2023 KARACHI: Amid contraction in big industry production, a large number of direct and indirect workers lost jobs mainly in the textile and auto sectors, but Economic Survey FY23 did not reveal anything about a bleak employment scenario during the outgoing fiscal year. The data, however, presented […]

09

Jun

Rupee’s real value is around Rs 240/$, says Dar

Published in The Express Tribune on June 08, 2023 ISLAMABAD: The government’s economic team headed by Finance Minister Ishaq Dar told Prime Minister Shehbaz Sharif on Thursday while presenting the Economic Survey 2022-23 that there is no quick fix, but the decline of the economy has been stopped and the risk of default has been averted. He[…]

29

May

Curbs on black market can push remittances to $50b

By Shahram Haq Published in The Express Tribune on May 28, 2023 LAHORE: Foreign remittance service providers have voiced optimism that Pakistan’s remittances can surpass $50 billion per annum, if authorities restrain the black market, which they believe constitutes nearly 80% of the total market. They point out the black market or illegal ways of sending remittances,[…]