Author: Anum Qudsia Siddiqui

Daily news:22nd June 2020

Good Morning The coronavirus cases in Pakistan are continuing to proliferate, compelling the government to impose targeted lockdowns to curb the spread. Imposition of wide-scale lockdowns capable of affecting businesses activity, however, seems unlikely at present time. While external account imbalances appear to have been rectified for the time being with support from bilateral institutions,… Continue reading Daily news:22nd June 2020

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Daily news:19th-June-2020

Good Morning The net foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $11 million to $10.107 billion during the week ending June 12, 2020, according to data released by the central bank on Thursday. The Asian Development Bank (ADB) has projected that Pakistan’s economy, which is expected to contract by… Continue reading Daily news:19th-June-2020

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Pakistan Export Dilemma-A tail of historical incompetence

“The success of the ‘Make in Pakistan’ strategy, crucially depends on its complement ‘Sell to the World’.” World Bank blog presents very sound policy pathways for Pakistan to develop its export base. However, history suggests that Pakistan has been plagued by export incompetence. Industrial inefficiency and government incompetence has doomed Pakistan’s exports. We have failed… Continue reading Pakistan Export Dilemma-A tail of historical incompetence

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US Oil Producers screaming : OPEC+ Russia happy?

Latest US production dropped from 13.1m to 10.5m in 12 weeks. The 2.6mn (~20%) drop is significant & in line with a 23% cut announced by the OPEC+. Exceptionally, Saudi Arabia announced a bigger 37% cut (low base level from 12m to 11m + 1mn voluntary cut). US had also voluntary picked up Mexico’s share of 400,000 barrels cut thus safe… Continue reading US Oil Producers screaming : OPEC+ Russia happy?