In over three years since its launch in September 2020, Roshan Digital Account (RDA) has emerged as a significant source of foreign inflows, reaching $7.195 billion by the end of December 2023. According to the State Bank of Pakistan’s data released on Monday, the inflows in December were $160 million marking a much better performance compared to other months. The inflow was 17 per cent higher
It requires a great deal of boldness and a great deal of caution to make a great fortune, and when you have got it, it requires ten times as much wit to keep it’ Nathan Mayer Rothschild. Financially strangled, uncertain future, and hopelessness. These words best describe the struggling class of Pakistan. Savings only in the form of real estate, gold, and foreign currencies make sense to Pakista
The successive resignations of Supreme Court judges test the resilience of the judicial system, pre-election disputes strain the inner cohesion of political parties, and stagflation pushes the endurance levels of the working masses. While the country slowly moves forward despite daunting challenges with the support of donors, the GDP gap not only persists but has likely been growing. The GDP ga
With incapable overseers in action, Pakistan’s real estate industry stays in the hands of cartels whose executors — land acquisition experts, development companies, real estate consultants and construction groups — manifest a unity that manipulates property prices and controls the market to fill their pockets. Let me start with how the world responds to the real estate cartels. On 15th December
With the government scrambling for dollars, knocking one door after the other to raise cash to keep the ongoing balance of payment crisis from morphing into a sovereign default, not less than a billion dollars in ‘overdue export proceeds’ remain to be repatriated. The overdue export proceeds are those where an exporter is unable to repatriate their export revenues within 90-120 days from the da