Khashif Talks Unlock Knowledge & Explore with Khashif Talks!

In a recent report by ACE Money Transfer, a UK-based company, a startling revelation has come to light: illicit activities, including the black market trade and smuggling of United States Dollars (USD), are quietly siphoning off a staggering $23 billion from Pakistan’s economy every year. These clandestine operations, which encompass black market currency trade, oil smuggling, gold smuggling, and challenges …

In the fast-paced world of finance, it’s essential to keep a close eye on a country’s foreign exchange reserves, as they are a vital indicator of economic stability. Recently, the State Bank of Pakistan (SBP) made headlines as its foreign exchange reserves took a hit, decreasing by $21 million in just one week. As of September 28, the reserves stood …

Petroleum Sales Plummet to 44-Month Low in Pakistan In September 2023, Pakistan witnessed a significant drop in the demand for petroleum products, reaching its lowest point in 44 months. The key drivers behind this decline include record-high fuel prices, the availability of smuggled oil from Iran, reduced furnace oil-based power generation, economic slowdown, and a decrease in automobile sales. Sales …