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Contract awarded for Tarbela extension project
Power Construction Corp of China got the $354.6m contract
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State Bank reserves fall $830m to $15.6b
Decrease comes due to payment of $1b worth of commercial loan
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Rupee shoots to 23-month high
Closes at Rs152.6 against dollar as remittances rise in Ramazan
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Debt servicing surges to Rs2.1tr
Eats up 82% of govt revenues, prompting steep cut in development budget
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Government to focus on SME sector
SBP governor, finance minister discuss features of new credit scheme for small businesses
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Bureaucrats not underpaid: study
PIDE says civil servants getting huge benefits without proper disclosure
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Coping with stagflation
Long-run solution to stagflation is increase in productivity of factors of production
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Economy doing well but political stability missing
If political polarisation grows, hopes for 3% economic expansion will fade
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Evolving trend in Pakistan’s trade
Improved trade facilitation, digitalisation of procedures will be critical to reducing costs
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Why govts cannot control inflation?
In absence of inflation-led growth, it will be very hard to show economic progress