Stories from Salman Siddiqui
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Current account deficit shrinks 72% in Jul-Jan FY20
Pace of drop in deficit slows as govt eases import curbs to step up economic activities
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In Pakistan, FDI surges 66% to $1.56b in Jul-Jan FY20
Growth in investment, however, remains low compared to true potential
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Moody’s expects Pakistan to sustain growth in remittances
Upbeat outlook on back of technological advancement, reduced cost of repatriating funds
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PTI govt all set to borrow Rs200b from Islamic banks
Amount raised will be used to pay off some dues of energy firms
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Research houses trim down PSX growth projection
BMA Capital expects KSE-100 index to hit only 49,000 points by year-end
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Borrowing by private sector dips 68%
Businesses do not believe in govt claims of economic improvement
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Overseas Pakistanis remit $13.3bn in Jul-Jan FY20
Remittances increase as expatriate Pakistanis utilise legal channels
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In Pakistan, banks' foreign reserves continue to drop
Reserves depleted by around $1b from August 2019 to January 2020
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Bank profits to grow steadily in Pakistan: Moody’s
Profit growth will come from increasing lending to government at high rates
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Pakistan may receive higher orders for rice export
Two major global exporters stuck in crisis; China is dealing with coronavirus while Thailand is facing severe drought