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AugBy 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 the amount. The government has also made […]
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AugBy 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 higher economic growth. This was the sixth[…]
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AugBy 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 August, it weakened further by another 0.5pc.[…]
