11

Apr

Remittances in March rise to $2.5bn — highest since August 2022

Published in The News on April 10, 2023 Remittances sent by overseas Pakistani workers, a major source of foreign exchange, rose to a seven-month high of $2.5 billion in March 2023 — an encouraging sign for the cash-strapped country. The State Bank of Pakistan (SBP), in its monthly bulletin, on Monday stated that the inflow of workers’ […]

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10

Apr

Navigating unchartered territory

By Afshan Subohi Published in Dawn on April 10, 2023 The politics in Pakistan have entered uncharted territory. Perhaps it is the novelty of the situation, besides the conflict within and without institutions, that has consumed the power wielders at a time when the stark economic crisis is destroying lives and livelihoods and punishing investors who trusted[…]

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05

Apr

Loans required urgently to avert public debt crisis: World Bank

By Shahbaz Rana Published in The Express Tribune on April 04, 2023 ISLAMABAD: The World Bank, on Tuesday, said that various economic shocks pushed nearly four million Pakistanis into poverty this fiscal year. The lender also urged Islamabad to immediately arrange fresh foreign loans to avert a “public debt crisis”. The Pakistan Development Update – a flagship[…]

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