Category: Economy

China–Pakistan Economic Corridor (CPEC)

CPEC is a group of various infrastructure development projects under construction in Pakistan with the help of China. CPEC includes projects such as roads, railway lines, special economic zones, sea and air ports, power plants, mines etc. Overall value of CPEC was estimated around 48 billion which is now over 60 billion USD. 23 electricity […]

Economy

Financial Action Task Force (FATF) and Pakistan: Why Pakistan?

Financial Action Task Force (FATF) is an international organization having more then 35 member countries and various other member organizations such as IMF and World Bank. The main objective of FATF is to prevent money laundering and terrorist funding. They do this through their guidelines which must be followed by all countries in order to […]

Economy

PKR devaluing at 6% annually against USD

Pakistani Rupee (PKR) has been devaluing since creation of Pakistan. In 60’s one USD was around Rs. 4.75. However today one USD is around Rs. 112. The increase in price of dollar is shown in following chart. It is observed that PKR is devaluing at around 6% annually against USD.

Economy