As one of the fastest growing world industries, tourism has been detected as a source for benefiting to various sectors. Thus, each country insists on developing it and making a profit from its variety of impacts. This has been a priority task to all governments, particularly to small and developing countries. Why Governments Involve in … Read More “Promoting Tourism: Role of Governments” »
Throughout the history of Pakistan, the major chunk of the import bill has been the petroleum group. Even with a slight reduction in global oil prices, the pressure on the current account deficit is relieved. During recent years, Pakistani economy has been facing huge import bill and the balance of payment has remained a continuous … Read More “Recent slump in global oil prices: What it really means for Pakistan.” »
The Executive Board of the International Monetary Fund (IMF) on April 16, 2020 approved an amount of SDR 1.015 billion (USD 1.386 billion) for Pakistan. The request was made by Pakistan under the Rapid Financing Instrument (RFI) lending facility for grant of 50 percent of quota, entitled under the IMF`s COVID response measures. The quota … Read More “IMF approves USD 1.4 billion financial assistance to Pakistan” »
