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Dec

New IMF-Pakistan agreement likely to have adverse impact on women

Published in brettonwoodsproject.org on December 09, 2021 Summary IMF and Pakistan have reached agreement for a further loan disbursement, with Pakistan agreeing to significant cuts Activists warn of the potential impact of spending cuts on women and gender inequality Pakistan’s exceptionally long relationship with the IMF spans almost seven decades, with 23 loan programmes valued at $38 […]

Remittances rise 10pc to $13bn in five months

By Shahid Iqbal Published in Dawn, December 14, 2021 KARACHI: Remi­ttances sent by overseas Pakistani workers fell 6.6 per cent on a month-on-month basis in November but grew by almost 10pc in the first five months of the current fiscal year. The State Bank of Pakistan (SBP) data issued on Monday showed that the inflow of remittances[…]

Trade deficit — the worst is almost over

By Mohiuddin Aazim Published in Dawn, December 13, 2021 There’s bad news. The trade deficit has gotten out of hand. But there’s good news too. The deficit has peaked and it is expected to shrink in the second half of the fiscal year, between January and June 2022. The Pakistan Bureau of Statistics says imports in July-Nov[…]