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Record Increase in Remittances Remittances from overseas Pakistani workers surged by 48% in July 2024 compared to the same month last year, reaching $2.995 billion, according to data from the State Bank of Pakistan (SBP). This marks a significant increase from $2.029 billion in July 2023. Analysts view this jump as a positive indicator for the government amidst ongoing political …

Anticipation for Task Force on IPPs Zaki Aijaz, the Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed strong anticipation for the task force on Independent Power Producers (IPPs) and Pakistan’s Power Sector Reforms. He emphasized the need for holding the 40 IPPs accountable and providing necessary relief to the public. …

The Pakistan Business Forum (PBF) has addressed a letter to Prime Minister Shehbaz Sharif, urging the development of a comprehensive long-term export strategy to support Pakistan’s economic growth. PBF President Khawaja Mehboobur Rehman highlighted the need for policy consistency and parliamentary endorsement to ensure stability and foster confidence among businesses, investors, and trade partners. Need for Policy Consistency The PBF …