The untamed frontier of foreign exchange
A stable and predictable forex market is a beacon for foreign investors. Their confidence fuels economic growth, creates jobs, and bolsters a nation’s financial strength. Foreign exchange reserves act as…
Strong US dollar an unstoppable force endangering other currencies
The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a currency crash of a severity not seen since the 1997 Asian…
Picking pennies: Dollar slump lifts US bond returns for foreigners
A 10% decline in the value of the US dollar since March has boosted returns for foreign investors in the world’s largest government bond market at a time when US…
Private foreign currency account and Section 111(4) of the Income Tax Ordinance, 2001: The revolving circle
This is a continuation of the articles written earlier in this paper on the matter of perpetual amnesty available in the form of 'No Question Asked Concept' for foreign exchange…
Reforming foreign exchange regime – I
It would be difficult to find another law that could rival the pervasive effect on the economy of Pakistan as did the Protection of Economic Reforms Act 1992. It was…
Under Trump, currencies may become next global battleground
President Donald Trump's renewed focus on what he calls "unfair" exchange rates could presage a new global battlefield that has the potential to do great damage to the world economy.…
Britain extends lead as king of currencies despite Brexit vote
Britain has extended its lead in the global currency trading business in the two years since it voted to leave the European Union, in another sign London is likely to…
Foreign currency accounts: Post-2018 scenario
Pakistan's economy and its taxation system cannot be properly analysed unless there is proper understanding of Pakistan's foreign exchange regime. In Pakistan, unlike almost all the countries, fiscal policy concessions…
Borrowing in foreign currency: Why doesn’t it pay off?
Federal Finance Minister Ishaq Dar has publicly stated time and again that he has been extremely savvy in borrowing at a cheaper rate of interest from external sources at an…
Is de-dollarisation on the move
This is the first of a two-part series on de-dollarisation. An exclusive report carried by Business Recorder revealed that during a meeting of Pakistan China seventh Joint Working Group on…
