14

Jun

Pakistan lost $3.7bn in remittances

By Shahid Iqbal Published in Dawn on June 14, 2023 KARACHI: The remittances sent by overseas Pakistani workers dipped month-on-month by 4 per cent and 10pc year-on-year to $2.1 billion in May. The latest data released by the State Bank of Pakistan (SBP) on Tuesday showed that the country lost $3.7bn in remittances during the first 11 […]

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14

Jun

Situationer: Is Pakistan poised for default in FY24?

By Khurram Husain Published in Dawn on June 14, 2023 WITH dangerously low foreign exchange reserves and a steep debt repayment schedule looming for fiscal year 2024 that begins in July, Pakistan is facing a stark prospect of potential default or even a larger balance of payments crisis in the 12 months ahead. Data obtained unofficially from[…]

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12

Jun

All about politics

By Nasir Jamal Published in Dawn on June 12, 2023 The budget for the next financial year unveiled by finance minister Ishaq Dar on Friday will set up the country’s collapsing economy stuck in an impassable rut for another year of stagflation marked by depressed growth, high inflation, and greater and faster debt accumulation. Mr Dar’s budget[…]

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