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SepBy Salman Siddiqui Published in The Express Tribune on September 10, 2024 KARACHI: Workers’ remittances sent home by overseas Pakistanis remained strong at nearly $3 billion in August 2024, marking a significant 40.5% increase compared to the same month last year. T his robust growth is attributed to the prolonged stability of the rupee against the dollar […]
By Anwar Iqbal Published in Dawn on September 08, 2024 WASHINGTON: In a sobering analysis of Pakistan’s economic turmoil, Princeton economist Atif Mian has warned that the country is facing an unprecedented financial crisis driven by a complex web of challenges. Mian, a Pakistani American scholar, points to the convergence of skyrocketing domestic and external debts, unsustainable[…]
Published in Dawn on September 05, 2024 FINANCE Minister Muhammad Aurangzeb has once again contended that ‘Pakistan is heading in the right direction’, conceding the urgency of securing external financing for the approval of its $7bn bailout package by the IMF executive board. His recorded address was broadcast amid further delays in the approval of the facility[…]
