13

Nov

IMF programme unlikely to be back on track soon

By Khaleeq Kiani Published in DAWN on November 13, 2020 ISLAMABAD: The Extended Fund Facility (EFF) of the International Monetary Fund (IMF) may not be back on track in a formal way very soon as the authorities struggle on politically challenging issues — power sector and revenue — amid difficult economic conditions. While the two sides are […]

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13

Nov

October remittances grow 14pc, rising for fifth straight month

By Fayaz Hussain Published in DAWN on November 12, 2020 Remittances during the month of October rose 14.1 per cent year-on-year to $2.3 billion, clocking in above the $2bn mark for the fifth consecutive month, data released by the State Bank of Pakistan showed on Thursday. “Workers’ remittances remained above $2 billion for the fifth consecutive month[…]

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Reforming ‘kafala’

Published in DAWN on November 06, 2020 COUNTLESS Pakistanis who have worked in Saudi Arabia and other Gulf states are familiar with the kafala system. This system of ‘sponsorship’ severely restricts the freedoms foreign workers have in the kingdom, basically with the kafeel or sponsor having the final say in when and if the worker can leave[…]

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