Pakistan still hopes to get a total of $32 billion in foreign funds in the current fiscal year, as it has largely kept unchanged its old projections, except for commercial loans and sovereign bonds, show new details shared with the International Monetary Fund (IMF). The estimates include budgetary loans of $23 billion, grants of $1.5 billion and balance of payments support of $6 billion by the
Last week, Planning Commission held a meeting for discussion on introducing a special fuel for motorcycles, which should fit the pockets of motorcycle users, who are typically low-income, lower middle class persons. The issue has been on the table of policymakers for several years now. With the increase in petrol prices, subsequent to the rupee depreciation, the issue has acquired more urgency
Dorothy would have sought sturdier foundations for her home if she had known about climate change and the subsequent storm that swept her away to the Land of Oz. As the Earth’s atmosphere adapts to climate change, extreme weather anomalies have become rampant, progressively increasing in frequency, severity and mortality rate, especially for low-income families. According to the World Bank’s
The HBL won the Pakistan’s Best Bank Award 2022 at the Pakistan Banking Awards held here on December 9. The Best Bank Award recognises the bank that has demonstrated the most significant contribution to national development and the most effective management of its resources including their employees, clients, franchise, community, and financials. The Institute of Bankers Pakistan (IBP) in pa
Pakistan has an enormous untapped resource to boost economic growth significantly. Its two key bases of foreign exchange earnings are exports and remittances. Each one contributes about $30 billion annually. Another source that can contribute an equivalent amount, as per a study by the McKinsey Global Institute, has received little attention. The untapped source is women’s empowerment. Pakis