Mohiuddin Aazim

4 days ago | dawn.com | Mohiuddin Aazim

Overseas Pakistanis continue to be a lifeline for the country, consistently sending increasing amounts of foreign exchange. In a promising sign, the current hybrid regime has pledged to explore meaningful ways to reward them. In March 2025 alone, remittances reached an all-time high of $4.1 billion, reflecting a 37 per cent year-on-year increase.

1 week ago | dawn.com | Mohiuddin Aazim

The Asian Development Bank has projected a 2.5 per cent growth in Pakistan’s economy for the current fiscal year ending in June. Although the State Bank of Pakistan has retained its earlier forecast of 2.5pc to 3.5pc, the continued lag in domestic aggregate demand makes the lower end of the range appear more realistic.

2 weeks ago | dawn.com | Mohiuddin Aazim

Tax collection in Pakistan remains below its potential, yet growth in tax revenues over the past decade has been notable. In the fiscal year 2013-14, total tax revenues stood at Rs2.56 trillion. By FY24, this figure had risen to Rs10.09tr, according to the Ministry of Finance. This increase represents a compound annual growth rate of 14.68 per cent. However, this impressive growth has come at a cost to citizens.

3 weeks ago | dawn.com | Mohiuddin Aazim

Pakistan has pledged to the International Monetary Fund (IMF) that it will “further strengthen institutional capacity to fight corruption and significantly reduce trade barriers to support inclusive growth and a level playing field for business and investment.” This statement is part of the press release issued by the IMF on March 25, announcing that it had reached a staff-level agreement with Pakistan, which will now have little to no room to incentivise its export industries by imposing...

1 month ago | dawn.com | Mohiuddin Aazim

The foreign exchange reserves held by the State Bank of Pakistan (SBP) slipped to $11.1 billion on March 7 from $11.25bn at the end of February, the latest data reveals. Total forex reserves, including those held by the commercial banks, however, rose to about $15.93bn from around $15.87bn. Despite impressive growth in remittances throughout this fiscal year, SBP’s forex reserves have remained on the decline for some time due largely to external debt payments.