True remittance as in inward remittance increase foreign reserves. Outward remittances such as profit MNCs send to their parent companies decreases foreign reserves. Through hawala hundi money dollars never make it to Pakistan. It was said that Shaukat Aziz kept himself updated on how much...
Hawala/hundi works inwards not outwards. No one will send rupees and get dollar through that network(no need to smuggle dollars like Ayyan Ali case). The only way forex increases is through trade and FDI. FDI is a double edged sword, because in the short run there will be inflows but in the long...
It is not how much but the fact that Pakistan does not print dollars. It can only print rupees so there can be no conversion. The conversion that you see when you change your money is because the SBP exchanges the foreign reserves for the rupees. You cannot make arbitrary conversion. That goes...
Bullshit there was no "boom" during Parvez Musharraf era. That "boom" is a short term gain that comes from investing in main centers at the expense of other cities. Ultimately these main centers become over crowded (migration) with an increase in slum/shanty town areas, congestion etc.
I also live in Karachi and not in the affluent areas. The issue is more with people who throw garbage in any empty plot they see which piles up as other join in to make the place a garbage dump. If you tell them they get angry. The same problem is why drains get blocked and sewerage spill on the...
Fake news despite his parents requesting the Indian government the British government (they informed his parents that the Indian government was not interested), the Indian government did not pursue this case.
You are still spewing nonsense. What do you mean USA has failed to bring down inflation? Their current rate is 1.65% against a target of 2.00%. They have recently cut rates to increase inflation. Economies do not encourage or aim to reduce inflation to 0.00% because they fear recession more...
This is the most incorrect and idiotic statement on pdf ever. Inflation is not bad per se and it will only speed up if left uncorrected and uncontrolled. "More accomplished nations" do not "always" struggle with inflation and unlike developing nations are far more likely adjust interest rates to...