Survey silent on job losses

By Aamir Shafaat Khan Published in Dawn on June 09, 2023 KARACHI: Amid contraction in big industry production, a large number of direct and indirect workers lost jobs mainly in the textile and auto sectors, but Economic Survey FY23 did not reveal anything about a bleak employment scenario during the outgoing fiscal year. The data, however, presented […]

29

May

Curbs on black market can push remittances to $50b

By Shahram Haq Published in The Express Tribune on May 28, 2023 LAHORE: Foreign remittance service providers have voiced optimism that Pakistan’s remittances can surpass $50 billion per annum, if authorities restrain the black market, which they believe constitutes nearly 80% of the total market. They point out the black market or illegal ways of sending remittances,[…]

13

May

April remittances decrease 29% to $2.2 billion

Published in The News on May 10, 2023 After hitting a seven-month high in March, remittances sent by overseas Pakistanis decreased to $2.21 billion in April — down 29% year-on-year, the State Bank of Pakistan (SBP) shared Wednesday in its monthly bulletin. Last month’s high remittances were because of Ramadan and Eid ul Fitr as well as[…]