BRUSSELS: The idea that devaluations make a country’s goods more “competitive” is pure gold to governments. Enhanced “competitiveness”, in turn, is believed to increase exports and...
KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $33 million, reaching a 26-month high of $9.43 billion for the...
The International Monetary Fund (IMF) has pinpointed several loopholes in Pakistan’s export strategy, attributing them to the country’s inability to boost its exports, according to media...