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…
The 80/20 rule for maximising foreign exchange earnings
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…
Transfer of foreign exchange — avoid ‘hawala’
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…
Foreign exchange earnings
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…
Liberalizing foreign exchange regime
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…
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…
Why is the foreign exchange crisis a surprise?
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…
Pakistan’s foreign exchange earnings
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…
A looming foreign exchange crisis
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…
LME lags rival exchanges as battery metals trading gains momentum
The London Metal Exchange is being left behind in the race to dominate trade in metals used for EV batteries such as lithium and cobalt as other exchanges gain momentum,…
