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Adding Dollars And Sense To Narratives On Pak Economy’s Fundamentals

IRSHAD SALIM (JUN 21, 2018): Three major concurring events over the past several months in a cause-and-effect relationship are simultaneously touching the economic fundamentals of the country: A) Sharp increase in import bills; B) Slowdown in overseas Pakistanis remittances; and C) Payback of loans and interest payments to IMF. Pakistan relies heavily on imported fuel oil, which comes to almost one-fourth of annual imports; there has been insignificant increase in workers’ remittances; non-oil import bills have risen sharply while export revenue has not met the target — meanwhile,  mandatory externalRead More


IMF Holds Talks With Pakistan On Economic Issues, As Islamabad Seeks Lifeline With China Loans

China helping Pakistan avert foreign currency crisis: “The money strengthens the financial, political and military ties between the two countries” May 26, 2018 (BE2C2 Report) — The International Monetary Fund (IMF) has invited a number of renowned economists, academicians and former senior government officials to Washington for consultations on a future roadmap on economic challenges of Pakistan and possibility for extending another bailout package in case Islamabad made a formal request. “Yes, the IMF has held broad-based informal consultations with eminent economists, academicians and retired senior government officials from PakistanRead More


Examining Debt Implications of Belt and Road Initiative

China’s Belt and Road Initiative (BRI) hopes to deliver trillions of dollars in infrastructure financing to Asia, Europe, and Africa. If the initiative follows Chinese practices to date for infrastructure financing, then BRI raises the risk of debt distress in some borrower countries,