News
Gilani Seen Risking Record Pakistan Budget Gap as Election Looms
www.bloomberg.com
[Bloomberg] - “Financing the deficit remains the single biggest challenge for policy makers,” said Sayem Ali, a Karachi-based economist at Standard Chartered. “Indications are that the government will need another bailout package from the IMF sometime this year.
Rupee plummets, touches close to 93 against dollar
www.thenews.com.pk
[The News International] - SBP chief remarks about the country's economic situation influenced the market,” said Sayem Ali, an economist at Standard Chartered Bank. Ali further said Pakistan paid $14 billion for oil imports in and due to increasing oil prices at the
Foreign firms repatriate $916.7m abroad in ten months
www.thenews.com.pk
[The News International] - “An amount of $88 million transferred to London, UK the head quarter of RBS last year this transaction put positive impact on the earnings of banking sector,” said Sayem Ali, an economist at Standard Chartered Bank. The telecom sector repatriated $52.5
Rupee free fall continues, hits fresh low
www.thenews.com.pk
[The News International] - “The dollar-rupee parity remained under pressure on account of worsening balance of payment crisis and rising demand of foreign exchange from importers for oil payments,” said Sayem Ali, an economist at Standard Chartered Bank.
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