19

Jan

Economists Pin More Blame on Tech for Rising Inequality

By Steve Lohr Published in The New York Times on January 11, 2022   Daron Acemoglu, an influential economist at the Massachusetts Institute of Technology, has been making the case against what he describes as “excessive automation.” The economywide payoff of investing in machines and software has been stubbornly elusive. But he says the rising inequality resulting […]

18

Jan

Growing financing needs: Pakistan may have to seek new IMF loan

By Mehtab Haider Published in DAWN on January 18, 2022 ISLAMABAD: Pakistan’s gross financing requirements are estimated to go up to $30 billion in the next budget for 2022-23, leaving no other options for the government but to seek a fresh IMF loan after the expiry of the existing programme in September 2022. Top official sources confirmed[…]

Remittances growth

Published in DAWN on January 18, 2022 THE hefty growth in remittances from Pakistanis living abroad continues to defy forecasts to the contrary. New State Bank data shows that remittances have surged by 11.3pc to an all-time high of $15.8bn in the first half of the present fiscal to December from a year ago. Many anticipate these[…]