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 has always been short of foreign exchange and it will remain so in the unforeseeable future. However, on account of poor governance and flawed tax regime, substantial taxed and…
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…
One important factor in facilitating foreign capital (investment) inflow into the country is to allow it to move out easily. Lesser the friction, better is the investor confidence. The capital…
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…
The balance of payments crisis has been a regular feature of our economy. What we need to see is why it keeps happening. While, at present, the government has the…
If one is to extend appreciation to any one (individual or group of people) for saving the Pakistani economy from complete collapse it is not our finance ministers from Dar…
The deteriorating balance of payments situation and dwindling foreign exchange reserves are signaling a foreign exchange crisis within the next 15 months. However, the federal government and its economic team…
No economic variable captures the popular imagination in Pakistan more than the exchange rate. After Pakistan moved from a fixed to a flexible market exchange rate in the summer of…
Iraq’s local currency has been on a two-month rollercoaster ride following a tightening of procedures for international transfers, with some blaming Washington for the dinar’s woes. While the official exchange…
