Crude oil imports increased by 17.81 per cent in the first five months of FY25, which prompted local refineries to produce more petroleum products than anticipated and boost exports. Preliminary estimates suggest that the increase in local production of petroleum products and their exports in the past few months will likely boost economic growth in the current fiscal year. Data compiled by t
E-commerce has revolutionised the global economy. An unprecedented boom in the e-commerce industry was observed after the Covid-19 pandemic. Since then, the way businesses operate and consumers shop has been reshaped. With the sector’s rapid growth worldwide, Pakistan is no exception to this transformative trend. The country’s e-commerce market is expanding steadily, with platforms like Temu enter
First and foremost, the security threats in politically volatile regions impose substantial financial costs on legislators. They often allocate personal resources toward ensuring their safety. The cost can be anywhere from Rs150,000 to over Rs1 million monthly, depending on the level of protection. Basic unarmed guards cost Rs25,000-35,000 per month each, while armed guards range from Rs50,000-
Before the pandemic, the number of point-of-sale (POS) machines in the country was pretty much stagnant. A POS machine uses a credit card or a debit card to process a payment instead of cash, according to data from the State Bank of Pakistan’s latest Payment Systems Quarterly Review. Covid-19 turbo-fueled the country’s drive towards digital adoption. The pandemic and the Russia-Ukraine war led
Pakistan’s quest for economic stability continues, with some indicators showing significant improvement while others depict the plight of the common man. Inflation has come down to below 5pc, and the State Bank of Pakistan (SBP) has celebrated it with another two percentage points cut in interest rate of 13 per cent. The current account maintains its surplus, with exports of goods and services gro