Poverty rate to stay near 40pc until 2026: WB
By Amin Ahmed Published in Dawn on October 20, 2024 ISLAMABAD: Poverty reduction in the country is expected to gradually resume as the nation makes progress on reforms and macroeconomic stability, according to a new report from the World Bank. The “Macro Poverty Outlook for Pakistan”, released by the World […]
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[…]
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[…]
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[…]