16
JanBy Mohiuddin Aazim Published in DAWN on January 16, 2023 Pakistan remained in the grip of the foreign exchange crisis in 2022. Now, at the beginning of 2023, the situation has deepened further. On January 6, forex reserves held by the State Bank of Pakistan (SBP) plunged to $4.343 billion, enough to cover just three weeks of […]
14
JanBy Salman Siddiqui Published in The Express Tribune on January 14, 2023 KARACHI: The inflows of workers’ remittances sent home by overseas Pakistanis have continued to slow down, plunging to a 31-month low at $2 billion in December 2022. The straight drop in the inflows for the fourth consecutive month has further hit the country’s forex reserves,[…]
09
JanBy DR MANZOOR AHMAD Published in DAWN on January 09, 2023 ISLAMABAD: The National Security Committee (NSC) has recently decided, among other things, that import substitution should be the first step in strengthening the economy. Since none of the NSC members is an economist, they will not have realised that import substitution policies always result in adding[…]
