Latest UPDATES
Latest UPDATES
The whole world is currently facing the highest inflation rate and the current situation shows that it will only further increase for some time. Stock markets are crashing, interest rates rising, and global economic woes brought on by Russia’s invasion of Ukraine, it’s easy to see why people aren’t optimistic about the economy, despite a […]
Pakistan’s remittances decreased 25.4 percent month on month in May, placing further strain on the external account and the rupee, which has already touched new lows against the dollar this week, according to central bank statistics released on Friday. According to figures from the State Bank of Pakistan (SBP), the country received $2.3 billion in […]
Nowadays Sri Lanka is in the midst of one of the worst economic crisis it has ever seen. For the first time Sri Lanka has defaulted on its foreign debts. 22 million people are facing 12 hour power cuts due to scarcity of food, fuel and other items. Inflation has reached to the all time high of […]
For the first time, Pakistan’s exports remained above $100 million per day in the month of in February 2022. Pakistan’s exports have been steadily increasing, exceeding most of the government’s monthly and half-yearly targets. When the PML-N gained power in 2013, exports were valued at roughly $25 billion per year, but by the conclusion of […]
Remittances have continued to maintain their strong impetus of remaining above $2 billion since June 2020. Money sent home by overseas Pakistani workers grew by 3.4 percent to US$2.52 billion in December 2021, said the State Bank of Pakistan (SBP) on Friday. This resulted in the increase of total remittances to $31 billion in the […]
