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OctBy Shahbaz Rana Published in Express Tribune on October 13, 2023 ISLAMABAD: The International Monetary Fund (IMF) said on Thursday that Pakistan’s external financing needs remain large but its foreign exchange reserves coverage is precarious at only 70% of the country’s short-term foreign debt. In its Middle East and Central Asia Economic Outlook, the global lender highlighted […]
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OctBy Salman Siddiqui Published in Express Tribune on October 11, 2023 KARACHI: The remittances sent home by overseas Pakistanis hit a six-month high at $2.20 billion in September 2023, as expatriate workers increasingly used official channels following a government crackdown on currency smugglers and the illicit Hawala-Hundi traders. The increase in inflows sparked hopes that the current[…]
By Khaleeq Kiani Published in DAWN on October 11, 2023 • Sees Pakistan’s growth at 2.5pc this year, 5pc in FY25 • Says world economy resilient to shocks but ‘limping’ as inflation remains high ISLAMABAD: Acknowledging Pakistan’s better-than-anticipated current account show last fiscal year, the International Monetary Fund (IMF) expects the country’s economy to perform better in[…]
