14

Sep

Understanding this crisis

By Sakib Sherani Published in Dawn on September 14, 2023 PAKISTAN is experiencing its most severe economic crisis in recent history. However, as I have argued previously, this crisis is “a crisis like no other” (Dawn, May 2022). It is not just an economic meltdown, but a confluence of myriad and complex challenges in the political, governance […]

12

Sep

Sharp drop in worker remittances

By Salman Siddiqui Published in The Express Tribune on September 12, 2023 KARACHI:  The inflow of workers’ remittances sent home by overseas Pakistanis through official channels remained low at $2.09 billion in August 2023, adding to pressure on the country’s capacity to pay for imports and repay the maturing foreign debt. According to the State Bank of[…]

15

Aug

Inflows through RDA cross $6.5b

By Salman Siddiqui Published in The Express Tribune on August 13, 2023 KARACHI: The cumulative foreign currency inflows channelled through Roshan Digital Accounts (RDAs) by overseas Pakistanis have exceeded a remarkable milestone of $6.5 billion. Accompanying this feat is a total of over 600,000 accounts established through online banking over the course of the past 35 months,[…]