SBP governor expects Pakistan to achieve 3pc growth in FY21 thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
PM Imran lauds overseas Pakistanis after remittances break ‘all records’
3 hours ago Imran Khan prays after a cabinet meeting in Islamabad. File
Prime Minister Imran Khan on Monday praised overseas Pakistanis with some warm words as remittances sent by them home in March 2021 broke all records.
Taking to Twitter, Imran shared data of remittances and praised the overseas Pakistanis for their unparalleled love and commitment to the country.
He wrote: The love and commitment of Overseas Pakistanis to Pakistan is unparalleled. You sent over $2bn for 10 straight months despite Covid, breaking all records. Your remittances rose to $2.7bn in March, 43% higher than last year. So far this fiscal year, your remittances rose 26%. We thank you.”
State Bank of Pakistan Considering Launch of Digital Currency: Reza Baqir
Central bank governor says international payment portals are ‘very welcome’ in Pakistan
The State Bank of Pakistan (SBP) is “studying” the possibility of launching a digital currency to boost financial inclusion and reduce money-laundering, Governor Reza Baqir said on Friday.
“We are studying that very carefully. We think that some countries like China are already showing the way,” he told CNN in an interview. Noting that a central bank-issued digital coin would have two benefits, he said it would boost financial inclusion and also aid the country’s counter-terror financing efforts. “So we are at a stage where we are studying it,” he added.
SBP chief defends central bank autonomy bill dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
Pakistan’s total debt and liabilities surged almost 10% to a staggering Rs44.98 trillion in the year ended December 31, 2020 due to increase in expenditures during the Covid-19 pandemic.