‘Apartmentarianism’ is the philosophy of real estate investors that is bolstered by the fact that 73 per cent of the apartment owners in Pakistan are not apartment dwellers. Around 75pc of apartment residents live in rental flats because of their low buying power. However, in reality, apartment living is not yet in vogue. The real asset is a high return on investment for developers backed by their
Pakistan’s central bank is scheduled to meet on Friday (today) to, review developments in the domestic and global economy and, announce its key policy rate to maintain a balance between economic growth and inflation readings. Going forward, financial experts and market surveys strongly anticipate that the rate will remain unchanged at the current level of 15%. Speaking to the Express Tribune
European Union energy ministers locked horns on Thursday over a proposed gas price cap at 275-euros per megawatt hour (MWh), grappling over its effectiveness at that level and the impact on supplies and incentives to cut consumption. The long-standing disagreements were holding up other policies to alleviate the acute energy crisis, such as the launch of joint EU gas purchases and a quicker per
A “breakthrough” between Pakistan and Russia on the projects agreed between the two countries in the energy sector is expected in December. According to Express News, way has been paved for the import of petroleum products, crude oil and gas from Russia, as refineries in Pakistan have expressed their willingness to produce yields from the Russian crude oil. In this regard, State Minister for
The forthcoming repayment of $1 billion by Pakistan for a maturing Sukuk on December 5, 2022 has kept the rupee under pressure against the US dollar as the foreign exchange reserves continued to deplete over the past 11 months. The domestic currency inched down by 0.05% (or Rs0.11) to a new six-week low at Rs223.92 against the greenback in the inter-bank market on Thursday. A market expert p