SBP brings incentives to attract remittances

By Salman Siddiqui Published in The Express Tribune on September 22, 2023 KARACHI:  The central bank has announced new incentives effective from June 1, 2023 to encourage banks and authorised exchange companies to attract additional remittances from overseas Pakistanis, which is expected to stabilise and give a fresh boost to inflows. In a circular sent to all […]

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[…]