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Oct

Remittances above $2b for fourth month in a row: PM Imran

Published in The Express Tribune on October 12, 2020 Pakistan recorded an inflow of $2.3b foreign currency in September ISLAMABAD: Prime Minister Imran Khan revealed on Monday that the remittances flowing into Pakistan reached $2.3 billion in September 2020, keeping the inflow of foreign currency to the country above $2 billion for a fourth consecutive month. “Despite Covid more[…]

False signals

THE prime minister has praised his economic team for an ‘economic turnaround’ that comprises declines in the current account and fiscal deficits and increases in FDI and remittances. All these are misleading indicators but one is especially egregious and contradictory. Why is the increase in remittances considered part of the economic turnaround and something that governments consider[…]