Glass half full, half empty
By Maleeha Lodhi Published in DAWN on August 16, 2021 PAKISTAN’S independence day was celebrated with much enthusiasm as it should. These milestones are opportunities to renew the national spirit and inspire hope about the future. They are also occasions to push back against negativity and build national confidence. It […]
ECC okays Rs13.1b subsidy to retain inflows
By Shahbaz Rana Published in DAWN on August 12, 2021 ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved a subsidy of Rs13.1 billion for retaining the inflows of foreign remittances at their existing level — $29.4 billion annually — amid ambiguity over an incremental increase in[…]
Remittances jump to $2.71b in July
By Salman Siddiqui Published in DAWN on August 11, 2021 KARACHI: Pakistan has received the third largest workers’ remittances amounting to $2.71 billion in July, the first month of current fiscal year, making the much-needed finances available to pay for increasing imports which is a must to achieve the planned[…]
Exchange rate stability is a challenge
By Mohiuddin Aazim Published in DAWN on August 09, 2021 Keeping the exchange rate stable during this fiscal year is apparently a challenge. In July, the first month of 2021-22, the rupee lost 3.2 per cent of its value against the US dollar and in the first five days of[…]