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Islamabad
Tuesday, November 20, 2018
ISLAMABAD:  The Pakistan Bureau of Statistics (PBS) has slightly revised the October inflation reading downwards to 6.8% after the Ministry of Finance and independent experts objected to the methodology of calculating price changes. The national data collecting agency has “rationalised” the headline inflation to 6.8% against the earlier reading of 7%,...
KARACHI:  Foreign investors have continued to stay away from Pakistan as they are reluctant to make long-term investments in the face of ambiguity about new economic policy of the Pakistan Tehreek-e-Insaf (PTI) government. Foreign Direct Investment (FDI) dropped 55% to $161.2 million in October 2018, compared with $354.6 million in the...
KARACHI:  The cental bank has cautioned people to remain wary of fraudulent elements, who are impersonating as bank officials and making fake phone calls to ATM cardholders and bank accountholders to seek secret information and misuse it. “The SBP advises people not to share personal information like CNIC number, bank account...
Pakistan is quickly becoming a digital-first country, which means there are new opportunities for brands to reach and engage with consumers who may have previously been overlooked. Read on for five reasons you should consider expanding your digital campaigns into Pakistan. There’s a reason Pakistan is attracting interest from major...
ISLAMABAD: Officials of the Federal Investigation Agency (FIA) and State Bank of Pakistan (SBP) on Thursday discussed threats to the banking system in the country. A team of SBP officers led by Deputy Governor Jamil Ahmed during a visit to the FIA headquarters also discussed with its officials the recently...
ISLAMABAD:  The antitrust watchdog has allowed Alipay – an affiliate of online shopping giant Alibaba – acquisition of 45% stake in Telenor Microfinance Bank Limited, facilitating the company in starting its operations in Pakistan by the end of current year. The Competition Commission of Pakistan (CCP) has approved Alipay (Hong Kong)...
ISLAMABAD:  The Pakistan Tehreek-e-Insaf (PTI) government has decided to make transfer of technology a vital part of all future agreements with foreign partners including China in an attempt to ensure a technology-based economy and give a boost to dwindling exports. The government feels that no attention has been paid to the...
ABBOTTABAD:  Significant changes are being made in prudential regulations to make it easier to acquire loans, especially by small and medium enterprises (SMEs), as the State Bank of Pakistan (SBP) has set a target to increase SME financing from 6% to 17% over the next five years, said a central...
KARACHI:  Starting with a single financial institution BankIslami Pakistan, cyber attacks on banks in the country are now being reported on a larger scale. It has put big question marks on the findings of the Federal Investigation Agency (FIA) and the banking regulator on cybercrime as the two have taken completely...
The State Bank of Pakistan (SBP) has spent a whopping Rs 9.4 billion on printing of currency notes of different values in 2017-18 alone. SBP, Federal Board of Revenue (FBR) and the government need to do much more to move Pakistan over to a more cashless society. These views were...

Opinion

Economy

Daronomics and its aftershocks

The former Finance Minister Ishaq Dar has finally come out to share his side of the story on what went wrong with the economy....