Ali Ashraf Khan
When Shaukat Tarin, another Citi banker and economic maverick was named advisor to P.M on Finance, the message was loud and clear that Pakistan’s economic prescription will continue in the shoes of Shaukat Aziz and Dr Salman Shah style, though Shaukat Tarin claimed and announced that all is not lost and that he has a plan A and a plan B and to the IMF Pakistan will go only “over his dead body.” This was a couple of weeks ago. Continue reading »
* A drop of more than $400 million recorded during one week
By Mushfiq Ahmad
KARACHI: Pakistan’s foreign exchange reserves dropped to $6.92 billion during the last week, down by more than $400 million or 5.46 percent from $7.32 billion the country held during the previous week.
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LAHORE – Pakistan has to adopt suitable financing mechanism for energy efficiency improvement projects besides remodelling country’s overall energy demand and supply situation.
An in-depth assessment of energy efficiency market and economy of Asian Development Bank (ADB) to be completed by next month, pointed out that the country terribly needed an integrated energy model, which can help planners in assessing the impact of various policy scenarios and support good decision-making. Continue reading »
LAHORE: Pakistan’s foreign reserves fell by $44 million to $10.91 billion in the week that ended on June 14, said the central bank on Thursday.
Reserves held by the State Bank of Pakistan fell by $12 million to $8.267 billion, while those held by commercial banks rose to $2.643 billion from $2.567 billion.
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