10

Oct

Remittances swell 29% year-on-year in Sept amid exchange rate stability

Published in The News on October 09, 2024 Remittances sent home by overseas workers jumped 29% year-on-year (YoY) to $2.849 billion in September from $2.208 billion in the same month last year, latest numbers released by the State Bank of Pakistan (SBP) showed on Wednesday, which anlysts attributed to exchange rate stability. On a month-on-month basis, inflows […]

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07

Oct

Centre, provinces sign landmark fiscal pact under IMF condition

By Mehtab Haider Published in The News on October 05, 2024 ISLAMABAD: In a bid to comply with the IMF conditions under the $7 billion Extended Fund Facility (EFF), the federal government and the provinces have struck a National Fiscal Pact for extending cooperation on a 19-point agenda, including discontinuation of support and procurement prices of commodities[…]

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02

Oct

Raising Pakistani living standards and economic resilience

By Esther Perez Ruiz Published in The News on October 02, 2024 DESPITE a challenging external environment and the devastating floods of 2022, Pakistan has managed to restore economic and financial stability over the past year. Since the launch of the Stand-By Arrangement in July 2023, confidence in policymaking has improved, inflation has reached its lowest level[…]

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