Pakistan tries to befriend Bangladesh: smart, needed & crucial!

This was long overdue. Establishing strong relationship with Bangladesh would prove that we’re beyond the bitter pasts & genuine peacemakers. Prime Minister Khan’s telephonic call with Bangladesh PM is a step in the right direction at the right time. Yes, it is anchored by geo-politics.A) Iran: is moving away from India to China (Chabahar cancelled)B)… Continue reading Pakistan tries to befriend Bangladesh: smart, needed & crucial!

Categorised as Economy

Trade Deficit shrinks by 27% YoY in FY20

Pakistan Bureau of Statistics released the Balance of Trade data today. Trade deficit shrinks by 20% YoY in Jun’20 to $2,123mn. Trade balance closed FY20 with 27% YoY reduction in deficit from $31.8bn in FY19 to $23.2bn in FY20. Export and Imports both plunged YoY in FY20 by 7% and 19%, respectively.

Categorised as Banking

SBP maintains policy rate

Dear Clients, The current stance of status quo marks more than a year since SBP has kept policy rate at 7% as it plans to continue supporting recovery as good news continue to emerge on growth, inflation and external side amid resurgence of COVID19 wave. High-frequency indicators show robust growth with a few showing seasonal… Continue reading SBP maintains policy rate