Pakistan’s economy has been facing a number of challenges in recent years, including low growth, high inflation, large fiscal and current account deficits, and declining foreign exchange reserves. Despite various…
Pakistan’s foreign exchange reserves on 30 April 2020 as per the State Bank of Pakistan (SBP) website were 12.329 billion dollars, a respectable amount given the ongoing global pandemic that…
I have made nearly 200 trips to Pakistan, during which I deeply felt the sincere friendship extended by the Pakistani people. Premier Zhou Enlai once said that the Pak-China friendship…
We are back into the IMF’s 3-year $6 billion Extended Fund Facility (EFF) arrangement having received a $500 million tranche by pledging, by way of collateral, to increase taxes by…
It was an awkward spectacle when Prime Minister disclosed that he was not informed of the exchange rate (ER) adjustments except through the news media. On the first adjustment of…
In a telephone interview with Bloomberg, Prime Minister Shahid Khaqan Abbasi has said that Pakistan would not devalue its currency any further. He further added that in the future exchange…
According to the IMF, rupee is overvalued by 5 to 20 percent - depending upon the estimation methods. Data from State Bank of Pakistan (SBP) also confirm that Real Effective…
During the last decade, with years of poor governance, the institutions of Pakistanis have suffered and have recorded a significant decline with some being on the verge of collapse. There…
The recent appreciation of the rupee, despite weak fundamentals, is becoming controversial, with the same interest groups first extolling it as an outcome of good financial management and now complaining…
IT is one of the big mysteries of Pakistan’s politics. How has Nawaz Sharif managed to endure as a political force at the top levels of Pakistan’s politics for so…
