11

Dec

Remittances soar 9.35% to $1.8b in November

By: Salman Siddiqui Published in The Express Tribune, December 11, 2019 KARACHI:  Overseas Pakistani workers sent 9.35% higher remittances at $1.81 billion in November 2019, which helped improve the country’s capacity to make import payments and foreign debt repayment. The remittances stood at $1.66 billion in the same month of the previous year, the State Bank of […]

30

Nov

How World Bank Arbitrators Mugged Pakistan by Jeffrey D. Sachs

How World Bank Arbitrators Mugged Pakistan By: Jeffrey D. Sachs Published in Project Syndicate, November 26, 2019 Thanks to the World Bank’s flawed and corrupt investment arbitration process, the rich are making a fortune at the expense of poor countries. The latest shakedown is a $5.9 billion award against Pakistan’s government in favor of two global mining[…]

26

Nov

SBP allows freelancers to get up to $5,000 in payments

Salman Siddiqui Published in The Express Tribune, November 26th, 2019 KARACHI: The State Bank of Pakistan (SBP) has apparently devised a strategy to receive additional workers’ remittances of at least $1.2 billion per year, as it has allowed freelancers to receive foreign payments of up to $5,000 per individual per month. Earlier, the limit for such inward[…]