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.
The Exchange Companies Association of Pakistan (ECAP) has advised the government to “fix” the dollar rate in order to reduce volatility in the local currency market, as Pakistan grapples with quickly depleting forex reserves which are compounding severe crises in different sectors of the economy. “It is advised to fix the rupee/dollar exchange rate for […] The post ‘Fix’ Dollar Rate At Rs. 240, Exchange Companies Advise Govt appeared first on The Friday Times - Naya Daur.