26

Jul

Remittance diversity and economic stability

By Dr Mazhar Mughal/Dr Junaid Ahmed Published in The Express Tribune on July 21, 2021 The just-ended financial year (FY21) witnessed a record increase in home remittances, which crossed $29 billion for the first time in the country’s history. The 27% year-on-year growth is the highest the country has seen since FY04. Since the 1970s oil boom, […]

19

Jul

Financing private sector growth

By Ali Salman/Beenish Javed Published in The Express Tribune on July 19, 2021   ISLAMABAD: Over the last two decades, Pakistani banks have experienced structural reforms and a phenomenal growth. Their profitability has multiplied several times and they have played an important role in job creation as well. But it remains debatable whether the privatisation of banks[…]

14

Jul

Why is the IMF so unpopular?

By Usman Hayat Published in DAWN on July 14, 2021 People have protested against the International Monetary Fund (IMF) in country after country that has borrowed from it, be it Argentina, Ecuador, Egypt, Greece, Jordan, Kenya, Nigeria, Pakistan or Tunisia. The placards held by the protesters often accuse the IMF, the global lender of last resort, of[…]