pakistan economy Archives

Riko Diq is a planned mining operation that has the capacity to save Pakistan Economy. The Balochistan province will profit economically from US$32.7 billion. This will happen over a 47-year mine's life from the Reko Diq reconstruction project. Cailleteau Pierre is a financial advisor for Lazard Freres SAS and White & Case Law firm. He recently presented his analysis to the Pakistan judges. In his presentation to a five-judge bench, he said that the province of Balochistan would benefit from direct taxes and spending, dividends, and other financial gains. The province will receive $14.1 billion in net equity flows from participation through GoB SPV. Moreover, the province will also gain an additional $7.6 billion in free carried interest. Apart from that at least $14 billion in royalt...

Dollar shortage in Pakistan has created a dislocation in the forex market, with banks offering different rates than inter bank institutions. Due to their inability to cover import payments, banks are offering higher spreads on import and export transactions than the inter bank market, Tresmark, a treasury market portal, said. To track this new rupee rate, the portal has launched a new ticker. A delay in the International Monetary Fund's bailout program has caused the South Asian nation to see a severe dollar shortage this year. Toyota and Suzuki's local units have also hit by a parts shortage due to a ban on imports to curb dollar outflows next month, resulting in multiple days of production stops. There was a sharp drop in the rupee's value as a result of the deteriorating external...

Tag: pakistan economy

Riko Diq would be life-Saving for Pakistan’s economy

Dollar crunch disrupts the forex market in Pakistan