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Tag Archives: reserves

Economy set to flourish

Economy set to flourish

Pakistan has successfully managed to handle COVID-19 so far but its impact on Pakistan’s economy is so far massive. In coming months; when the dust will settle only then the real impact could be determined. As a matter of fact; …

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Review of Pakistan’s foreign loans

Review of Pakistan’s foreign loans

The present government of Pakistan statistics showed that, took over $13 billion in foreign loans in the previous fiscal year — the second highest amount in history — to repay maturing external debt and cushion the shrinking foreign exchange reserves. …

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Stockpiling Gold

Infographics

In June 2019, the United States was the country with the largest gold reserves. The reserves of the U.S. were over twice as large as those of second-placed Germany, and nearly four times as large as the reserves of number three, Italy. The largest …

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Remittances comeback

Remittances comeback

According to the State Bank of Pakistan (SBP), Pakistan’s remittances from overseas workers were increased 24 percent to $2.039 billion in the first month of FY2019-2020 from $1.645 billion in the last month. However, statistics also showed that July remittances …

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