It has been a rough 12 months for emerging markets that have seen more governments stumble into default, currencies suffer and double-digit losses in stocks and bonds alike – though many investors are optimistic that 2023 could bring some relief. Developing economies are expected to cling to their growth differential over developed peers, but recession fears in the United States as well as Euro
In addition to dollars, the smuggling of high-value food goods to neighbouring countries has continued to take a toll on the Pakistani currency which dropped to an almost 3-month low to stand at Rs226.37 against the greenback on Wednesday. The rupee maintained a downtick on the seventh consecutive working day, falling by a fresh 0.10% (or Rs0.22) to Rs226.37 in the inter-bank market. Elabora
Climate-induced calamities are one of the biggest driving forces behind the move towards alternative sources of energy. For a developing country like Pakistan, costs associated with climate change can be unbearable. The recent floods that swept through the country inflicted more destruction than was ever imagined. They also contributed significantly to the economic downfall with the estimated c
Agricultural activities have gained some momentum as fertiliser offtake rose by 63% month-on-month to 994,459 tons in November 2022. “Wheat crop has reached a stage where its fertiliser needs have gone up,” Aamer Hayat Bhandara, Co-founder of Agriculture Republic, told The Express Tribune. “Farmers have learnt a lesson from the previous year when urea not only got costlier, but also disappea
Agriculture, the backbone of Pakistan’s rural economy, has been hit hard in 2022, especially due to the impact of the devastating floods. The other reasons remain the same: incompetence, bad governance and the spectre of ever-increasing inflation.The effect of these factors has raised alarm bells when it comes to predicting the state of the agriculture sector and feeding the people of Pakistan