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Mohammad Younas Dagha, Chairman of the Policy Research and Advisory Council (PRAC), has called on the State Bank of Pakistan (SBP) to reduce its policy rate from 19.5% to 17.5%. This proposed adjustment aims to keep the real interest rate positive, aligning with the International Monetary Fund’s (IMF) requirements and fostering economic growth. In a press release issued by PRAC, …

The grey currency market in Pakistan has reemerged, fueled by a surge in the smuggling of US dollars to neighboring countries. This shadowy market operates outside the official remittance channels, offering exchange rates that are significantly higher than those set by the government. According to Zafar Paracha, General Secretary of the Exchange Companies Association of Pakistan, the grey market is …

The Power Division and ex-WAPDA DISCOs are currently embroiled in a dispute over the implementation of a substantial Rs73 billion project, known as the “Asset Performance Monitoring System” (APMS). This project is intended to enhance electricity supply, operational efficiency, and modernize the management of distribution companies (DISCOs). However, the two parties have conflicting views on the effectiveness and execution of …