Remittances are important entry of the balance sheet of macro-accounting of a developing economy. It is believed that remittances can play a balancing role in trade deficit as well as exports receipts. Recently, remittances have contributed significantly to the gross national product (GNP) in many developing countries, including India, Mexico, Philippines and Egypt. India has […] The post Remittances: A Windfall Gain? appeared first on The Friday Times - Naya Daur.
Pakistan is finally catching up with the International Monetary Fund’s (IMF) requirement and moving forward with multiple reforms that were demanded by the lender of last resort. The government is increasing gas prices, planning on addressing the circular debt issue through channeling its dividends and gearing up for fiscal measures to achieve revenue targets. Further, […] The post A Period Of Low Growth Awaits Pakistan As It Tries To Fend Off Inflation And External Shocks appeared first on The Friday Times - Naya Daur.