Balance of Payment: Remittances rise to record level in JuneRemittances in June 2020 rose an astounding 49% yoy (up 31% mom) to US$2.5bn, which is also the highest monthly inflow ever recorded. This took FY20 total remittances to US$23.1bn, up 6.5% y...

Related readingChina manufacturing is irreplaceable but India and other Asians can win shareChina devaluation another US-China friction and a risk for rival exporters

Even though the majority of industrial companies restarted production in May, the rebound was not balanced. The breakdown shows there were: 1) strong performers like motor vehicles production, showing a triple-digit jump at 190% (sti...

Accordingly, the deteriorating trend in the 12-month rolling current account balance that started in the last quarter of 2019 has gained pace in recent months and continued in May with US$-8.2 billion vs US$+8.7 billion at e...

Rahat Kaunain has been appointed the Chairperson of the Competition Commission of Pakistan (CCP). She has served in this position before in 2010-2013. The appointment can be important for some sectors, as the CCP was relatively active during her prev...

PBoC controls liquidity not to fuel asset markets Undiscounted bills grew aggressively to CNY218 billion in June from CNY83.6 billion in May, this implies tight liquidity conditions at the end of the half-year. This is because the Peo...