Economy Don’ts 101

By Almazia Shahzad Published in The News on July 15, 2023 Every few years, Pakistan’s economic managers find themselves in a pickle, struggling with declining economic growth and rising inflation when only the year before they have managed to achieve record high growth. So what could have happened? What went wrong? An oversimplified, yet not over exaggerated, […]

$8.3bn in remittances, exports lost in FY23

By Shahid Iqbal Published in Dawn on July 16, 2023 KARACHI: Pakistan suffered a massive $8.3 billion loss due to significant declines in remittances and exports during the outgoing fiscal year as the PMLN-led coalition government preferred appeasing the International Monetary Fund for a $1.2bn tranche. Pakistan lost much more than what it gained from the IMF[…]



Remittances contract 14pc to little over $27bn in FY23

By Shahid Iqbal Published in Dawn on July 11, 2023 KARACHI: Pakistan lost over $4 billion in remittances sent by overseas Pakistan in FY23, much higher than the amount the PMLN-led coalition struggled to secure from the International Monetary Fund (IMF) during the outgoing fiscal year. Data issued by the State Bank of Pakistan (SBP) on Monday[…]