Category: Uncategorized

The Afghan Government collapsed before the Taliban entered Kabul. President Ashraf Ghani fled the capital in the early part of the day, while the VP Amrullah Saleh had left a day before.   The Taliban had earlier decided to wait outside of Kabul, however there were reports of looting and law and order situations which…

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It was reported that Pakistan’s Large Scale Manufacturing LSM Posted Record Growth For FY21 with a 14.85% growth (last: -10.2%) . Cement, steel, textiles and the automobile sector showed robust recovery. This happened as industrial activities largely resumed in a scenario that is dominated by COVID lock downs; low borrowing cost, subsidized energy tariffs, sector…

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Pakistan has exposed the recent #sanctionpakistan effort, that is being pushed on the international social media networks primarily by India. This aggression in social media has been there for a long time, given India’s disinfo labs expose by the EU, however the recent surge in anti Pakistan activity has been prompted by the US withdrawal…

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The GOP is set to launch the National Remittance Loyalty Program (“NRLP”), which will offer monetary and other benefits for Overseas Pakistanis to use the official channel for remittance purposes. The ECC approved the launch of the NRLP, which will be helpful in building up foreign remittances in the country.   The Prime Minister of…

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ADB and Pakistan signed a COVID Support financing agreement worth $500 million for “COVID-19 Vaccine Support Project” under the “Asia Pacific Vaccine Access Facility.”   This loan is meant to help the Government of Pakistan procure and deploy safe and effective COVID vaccines and strengthen the country’s capacity to implement its vaccination program. Under this…

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The US Fed is planning rate hikes in 2023, as it is expected to achieve employment and inflation targets – this was disclosed by US Fed Vice Chair Richard Clarida.   He continued, “I believe that these … necessary conditions for raising the target range for the federal funds rate will have been met by…

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Pakistan administered 1 mln COVID vaccines in a day, crossing a threshold in the campaign to fight COVID.   Asad Umar, the Minister for Planning and the one in charge of COVID actions said, “Happy to report that the target we had set for 1 million vaccinations in a day was crossed”.   This came…

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Pakistan inflation was at 8.4%.  The Consumer Price Index (CPI) increased by 8.4% on year-on-year basis in July 2021 (last: 9.3%).  

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President Ashraf Ghani of Afghanistan Blamed the US for recent Taliban rise. He said that the sudden decision by the United States to withdraw its troops had emboldened the Taliban, however, the Afghan government planned to bring conditions under control within six months.   With the withdrawal of US troops accelerating and places like Bagram…

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Pakistan’s FY21 C/A deficit was at a 10 Year low at $1.9 billion (last: $4.4 billion) due to higher exports and remittances helping reduce the deficit and heavy import payments increasing it. The C/A deficit was 0.6% of GDP, which is the lowest since 2021.   This level of deficit is in line with the…

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It was reported that India used economic leverage to keep Pakistan in the FATF grey list. This was revealed by the Indian Foreign Minister S. Jaishankar while addressing the Bharatiya Janata Party (BJP) leaders’ training programme on the government’s foreign policy.  

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Afghanistan recalled its Ambassador to Pakistan following what it termed security threats, as the ambassador’s daughter Silsila Alikhil was allegedly kidnapped for a briefly.   The Afghan Foreign Ministry said, “Following the abduction of the daughter of Afghan ambassador in Pakistan, the leadership of the Islamic Republic of Afghanistan has recalled the Afghan envoy and…

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