Home / Finance & Market

Finance & Market

Prospects of foreign remittance into Pakistan

Prospects of foreign remittance into Pakistan

Pakistan is one of the major beneficiaries of foreign remittances, whereas the volume of foreign remittances to Pakistan has also increased in recent past. The growth of these flows has outpaced Foreign Direct Investment (FDI) and official development assistance to the country. Pakistan started to export manpower abroad particularly in the Middle East countries following oil price boom in the early 1970s. Because of labor shortage in the Middle East, …

Read More »

Irregular migrants – an impact on remittances

Irregular migrants - an impact on remittances

Every year billion of dollar or payment sent by overseas to their home countries. Over the last twenty years these remittances are being utilized for developmental activities and to sustain Pakistan economy. Remittance plays integral part in easing the current account deficit, providing balance of payment increase of export, labor force and market situation as well. Therefore remittances are referred as engine of economic growth. In the month of July …

Read More »

Province-wise Pakistan’s budget 2020-21 allocations

Province-wise Pakistan’s budget 2020-21 allocations

Sindh Budget The Sindh government presented the budget for FY2020-21 with a total outlay of Rs1.24 trillion with an estimated narrow deficit despite falling inflows from the federal divisible pool. Sources mentioned that the province is hoping to generate revenue receipts worth Rs1.22 trillion against its total expenditure. The provincial government has also not proclaimed any new taxes and envisaged a deficit of Rs18.38 billion for the upcoming fiscal year. …

Read More »

Budget 2020-21: a critical view

Budget 2020-21: a critical view

The budget proposals for 2020-2021, prepared by the Adviser on Finance and Revenue, Dr. Hafeez Shaikh — against the backdrop of potentially the biggest public health emergency and economic downturn in generations — and presented on the floor of the House by Minister for Industries and Production Hammad Azhar, boldly announced, “There are no new taxes in this budget.” This could be termed as an activity of an ordinary salesman …

Read More »

New budget under COVID-19: how to equip economy with gears

New budget under COVID-19 how to equip economy with gears

These are extraordinary days where extraordinary steps and out of box solutions are required. Budget deficit was estimated around 7.2 percent in fiscal year 2019-20 which is around 8.9 percent; likewise budget deficit is being estimated at around 9.1 percent which will cross 10 percent when the actual numbers will be calculated in 2021. Pakistan’s public debt has risen by almost 40 percent in the past two years; from Rs. …

Read More »

COVID-19 pandemic: traditional banking habits must hold up

COVID-19 pandemic- traditional banking habits must hold up

The consequences of the COVID-19 pandemic for the global economy, and financial sector in particular, are still unpredictable. It has crippled economic activities, overturned supply chains and crumpled the demands for goods. The virus has forced both the consumers and the businesses to spend and invest less. The consensus amongst most economists is the slow downing and eventually downward revisions in GDP growth targets. Countries have introduced stimulus programs to …

Read More »

Benefits of lower interest rates and fuel prices

Benefits of lower interest rates and fuel prices

Central banks around the world have slashed interest rates, though perhaps none as aggressively as State Bank of Pakistan (SBP). According to a recent report by Bloomberg, Pakistan has cut its interest rates the most this year, out of a survey of nine countries, including the US, Peru, South Africa, Turkey and Ukraine. Coronavirus has created ‘unique’ challenges for a monetary policy due to its non-economic origin. In last three …

Read More »

Freedom from the shackles of ‘Stockholm Syndrome’

Freedom from the shackles of ‘Stockholm Syndrome’

Presently, Pakistan seems to be suffering from ‘Stockholm Syndrome’ – a psychological condition wherein a captive begins to identify closely with his or her captors, as well as with their agenda and demands. The obsession and the unwavering trust in multilateral agencies, including IMF, and the traditional foreign bilateral partners, particularly Saudi Arabia and the strings attached with the helping-hand ever extended by them in the past bears testimony to the …

Read More »

Pakistan Day: time to reckon

Pakistan Day: time to reckon

Pakistan Day is celebrated with great fervor every year, but this year the circumstances are very different. People are living under extreme fear due to coronavirus pandemic, not only in Pakistan but around the world. The death of dozens of people from the pandemic, reminds us hundreds and thousands of people, who were assassinated after the partition of subcontinent. This also reminds the helplessness and the difficult administrative and financial conditions prevailing at …

Read More »

Monetary Policy to be aligned in sync with Fiscal Policy and structural reforms

Monetary Policy to be aligned in sync with Fiscal Policy and structural reforms

The monetary policy is the key to influence trade/ current account of any country. The extent and the effectiveness of that, however, vary from country to country, given country’s own political and economic dynamics and other realities on the ground. These elements must not be used as ‘one-size, fits-all’ as part of the template to manage the economy, particularly the external account. The effectiveness of monetary policy is already under debate these …

Read More »
çeşme escort izmir escort bayan izmir escort bayan izmir escort bayanlar denizli escort bayan antalya escort bayan antalya escort bayan antalya escort bayan konya escort bayan ankara escort bayan alanya escort bayan izmir escort bayan