LAHORE: The Pakistan Business Forum (PBF) has said that entrusting a technocrat with the role of finance minister would pose significant challenges for the country amid the current economic climate. “Any technocrat may struggle to negotiate a deal that balances economic stabilisation with the growing hardships faced by the people, potentially raising concerns about conflicts of interest,” sa
ISLAMABAD: The caretaker IT minister states that they have laid out a roadmap to achieve a target of $15 billion in IT exports to bolster the country’s economy. Several key measures have been introduced by the caretaker government to reach this export target. In an interview with The Express Tribune, Caretaker IT Minister Dr Umar Saif said, “Now, the roadmap is ready, and we hope that the up
ISLAMABAD: Interim Prime Minister Anwaarul Haq Kakar has approved new fiscal austerity measures, including a ban on creating new positions and major purchases. However, the impact of these measures may be limited, as the government spends more than its total net income just on interest payments. A complete ban on creating new posts under the Public Sector Development Programme (PSDP) and the cu
Japan’s Nikkei 225 on Thursday finally broke through a record high set just before the country’s asset bubble catastrophically burst in the early 1990s. The index of blue-chip stocks hit a peak of 39,156.97, beating the record of 38,957.44 set in December 29, 1989, before easing to 39,098.68 points at the end of trading, its highest closing level. By doing so the Nikkei finally broke through
KARACHI: The National Bank of Pakistan (NBP) on Thursday informed its shareholders that its profit-after-tax (PAT) surged by over 72 per cent to Rs53.32 billion (earnings per share at Rs24.96) in 2023 from Rs30.95bn in 2022. However, the board of directors did not recommend any cash dividend. The bank informed the shareholders that the profit soared due to a massive increase in interest inco