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Feb

Foreign debt peaks to $13b in Jul-Jan

By Shahbaz Rana Published in The Express Tribune on February 24, 2022 ISLAMABAD: The government received over $13 billion in foreign loans during the first seven months of current fiscal year, an increase of 70% over the same period of previous year, with no immediate respite in sight from growing indebtedness of Pakistan. The Ministry of Economic […]

Remittances fall by 5pc in January

By Shahid Iqbal Published in DAWN on February 12, 2022 KARACHI: The remittances being sent by the overseas Pakistanis fell by 5 per cent year-on-year to $2.144 billion in January, showed data released by the State Bank of Pakistan (SBP) on Friday. On month-on-month, the remittances depicted a fall of $376 million or 15pc. The workers’ remittances[…]

‘Pakistan welcomes UN agreement that facilitates safe immigration’

Published in DAWN on February 09, 2022 ISLAMABAD: Estimates suggest that 9.1 million people of Pakistani origin live abroad which makes the country, the sixth largest diaspora in the world. This number accounts for almost 5pc of the country’s population. Taking this into consideration, Pakistan welcomes the Global Compact for Migration (GCM) agreement among United Nations-member states[…]