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SBP jacks up interest rate by 150bps, rises to 13.75%
Business Reporter
KARACHI: The State Bank of Pakistan (SBP) on Monday raised the benchmark policy rate by 150 basis points (bps) to 13.75% for the next six weeks to maintain the balance between inflation and economic growth.
The…
Gold rate reaches all-time high in Pakistan
Special Reporter
The gold price on Monday increased by Rs2,350 per tola, taking the rate of the precious metal to an all-time high of Rs141,650 in Pakistan.
In the international market, too, 24k-gold jumped as much as $15 per ounce…
IT export growth needs policy continuity, incentives
KARACHI:
Experts believe that the growth in information technology (IT) exports needs the continuity of policy and incentives.
Pakistan’s IT exports surged to over $2 billion in the first 10 months of current fiscal year 2021-22 – the…
NEPRA fines power firm Rs65m over fatal accidents
ISLAMABAD:
The National Electric Power Regulatory Authority (Nepra) has imposed a fine of Rs65 million on the Islamabad Electric Supply Company (Iesco) on the charges of negligence, resulting in fatal incidents during the period July…
Farmers seek govt’s intervention
KARACHI:
The government should intervene through subsidies, modern technology and farmers’ education, as the cost of doing business for farmers has increased manifold during the past few years.
“If we only talk about fertilisers, a…
Minister woos investors
ISLAMABAD:
Federal Minister for Privatisation Mir Abid Hussain Bhayo has stressed that the government’s investment policy provides both domestic and foreign investors with the same incentives, concessions and facilities for industrial…
Savings, investment targets missed
ISLAMABAD:
Investments and savings as a percentage of the size of Pakistan’s economy have remained below the official targets in the outgoing fiscal year, affirming that the 6% economic growth rate was fed by imports and consumption.…
Savings, investment targets missed
Investments and savings as a percentage of the size of Pakistan’s economy have remained below the official targets in the outgoing fiscal year, affirming that the 6% economic growth rate was fed by imports and consumption.
Like its…
Revised transit trade deal remains elusive
ISLAMABAD:
As Pakistan and Afghanistan fail to sign a revised transit trade agreement, the former has granted another extension to continue the reciprocal trade arrangement between the two neighbouring countries.
The transit trade…
Revised transit trade deal remains elusive
ISLAMABAD:
As Pakistan and Afghanistan fail to sign a revised transit trade agreement, the former has granted another extension to continue the reciprocal trade arrangement between the two neighbouring countries.
The transit trade…