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Managing energy imports to save forex reserves

Pakistan relies on imports for 49 percent of its primary energy supplies, which strains its already limited foreign exchange reserves. As of April 2023, Pakistan’s total net reserves were US$…

Understanding the forex market

The last few months have been a roller coaster for the Pakistani Rupee (PKR) and there is a lot of talk about market determined rate, artificially strong Rupee and manipulation.…

Declining Forex Reserves

Declining forex reserves

Pakistan’s total liquid foreign exchange reserves stood at $8.8 billion on November 22, 2013 of which the State Bank of Pakistan and commercial banks accounted for $3.46 billion and $5.33…

Declining Forex Reserves

Declining forex reserves

Pakistan’s total liquid foreign exchange reserves stood at $8.8 billion on November 22, 2013 of which the State Bank of Pakistan and commercial banks accounted for $3.46 billion and $5.33…

PBC: An Appraisal

PBC: an appraisal

The government has launched a new scheme for mobilisation of foreign exchange resources – the ‘Pakistan Banao Certifications (PBC)’ with maturities of three and five years. These certificates can be…

Economic Reforms: Part – XXXVIII

Economic reforms: Part – XXXVIII

The 1962 constitution was promulgated in June 1962. In pursuance of Article 141, the first NFC was constituted on March 31, 1964, when the ad-hoc 1964 award was running in…

Policy Imbalances

Policy imbalances

The Monetary Policy Committee (MPC) of the State Bank of Pakistan has announced it policy for October and November. It has kept the policy rate unchanged at 5.75 percent. While…

Entering the carbon market

CNG burns cleaner than petrol and diesel. In the internal combustion engines used in automotives, CNG produces CO emissions which are less by 80 per cent and hydrocarbons by 44…

The way out of elite capture

Pakistan possesses immense potential, particularly in the realms of solar, wind, and hydropower – with the capacity to generate an impressive 2900 GW of solar power, 340 GW of wind…

Heavy indebtedness & power sector crisis

In terms of new commitments, the Government of Pakistan signed new agreements, worth USD 7,228 million, during the period under review. These commitments comprised financing agreements signed with foreign commercial…