The Asian Development Bank (ADB) has projected Pakistan’s Gross Domestic Product (GDP) growth to reach 4 per cent in the fiscal year 2021-22 (FY22) as business activity gradually resumed in the second year of the Covid-19 pandemic. According to the Asian Development Outlook 2021, the growth forecast witnessed recovery in private investment as consumer confidence مزید پڑھیں

In a surprising move on Monday, the State Bank of Pakistan (SBP) announced an increase of 25 basis points in its benchmark policy rate in a bid to control soaring inflation that has affected the entire economy. Announcing the bi-monthly monetary policy review, the central bank said the decision to increase the interest rate to مزید پڑھیں

Running vehicles on compressed natural gas (CNG) against petrol to cut travelling cost has lost its charm as some stakeholders say that the saving has dropped to only five per cent while others say it is almost zero. CNG was launched in Pakistan in 1992 with much fanfare as an environment-friendly and alternative fuel with مزید پڑھیں

AMC Entertainment boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among mainstream investors and companies. “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today مزید پڑھیں

We are not passing on the interational commodity rates to consumers in Pakistan, said federal finance minister Shaukat Tarin speaking to media on Tuesday as he claimed the prices of sugar and wheat soared 41 and 32 per cent internationally but in Pakistan the effect was only 11 and 15 pc respectively. It has been مزید پڑھیں

Prices of edible oil and ghee are less likely to come down not only because of technical reasons but also due to lack of regulatory oversight. The Pakistan Vanaspati Ghee and Oil Manufacturers Asso­ciation (PVMA) has through a letter to the ministries of industries and finance informed that ghee and edible oil prices cannot be مزید پڑھیں

Back in the spring, as the speed of inoculations expanded quickly and development expectations improved, organizations were cheerful that by the fall financial action would to a great extent have returned to typical. Indeed, September has shown up yet the getting back to typical that many expected remaining parts tricky. On Thursday, Microsoft (MSFT) rejected مزید پڑھیں

Pakistan’s Lakson Group and Middle Eastern budget carrier Air Arabia said on Friday they would launch a low-cost airline serving domestic and international routes from Pakistan. The new carrier, Fly Jinnah, will operate as a joint venture between the pair, they said in a statement, adopting the low-cost model operated by Air Arabia. The statement مزید پڑھیں

The State Bank of Pakistan (SBP) has received $2.75 billion under the International Monetary Fund’s (IMF) allocation of Special Drawing Rights (SDRs), which have taken the foreign exchange reserves of the central bank to an all-time high of $20.14 billion. According to data released by the central bank, its foreign currency reserves on August 27 مزید پڑھیں

The State Bank of Pakistan on Tuesday allowed overseas Pakistanis to directly invest into the shares of companies in Pakistan and units of funds through the rupee-based Roshan Digital Accounts (RDA). Overseas Pakistanis have been allowed investment in Pakistani companies as well as funds operated by a private fund management company licensed by the Securities مزید پڑھیں