The Pakistan-China border post on Khunjerab Pass opened for year-round trade and travel for the first time on Monday, with 40 Chinese containers loaded with goods and a bus carrying four passengers arriving at Sost (Pakistan) from Xinjiang on Monday. A bus carrying five passengers left Sost for the Chinese region on the same day. The locals welcomed the arrival of a bus and goods from China
Pakistan is considering suing consultants of the Neelum-Jhelum Hydropower Project (NJHP) for repeated faults in the Rs500 billion worth of the project, depriving the nation of a cheaper and environment-friendly power supply. Prime Minister Shehbaz Sharif would take a final decision to this effect in consultation with key stakeholders as a special committee on the subject also looks into expandi
Pakistan’s merchandise exports slowed in November and fell into the single digit due to a reduction in international demand, according to data released by the Pakistan Bureau of Statistics on Monday. The growth momentum picked pace in July owing to improved orders from the international community and stability in the exchange rate. The exports grew 11.83 per cent in July, followed by 16pc in A
The unexpected fall in inflation pushed the real interest rate to 10.1 per cent, creating ample room for the State Bank of Pakistan (SBP) to introduce a significant cut in its policy rate, which would be the fifth consecutive decline since June. The real interest rate is the difference between the nominal policy rate and inflation. It’s the actual return on a loan or bond. The central bank h
State Bank of Pakistan (SBP) Governor Jameel Ahmad has advised financial institutions to continue striving for excellence and collaborate for fostering a more inclusive, dynamic and future-ready financial ecosystem. He emphasised that banks should contribute to the betterment of Pakistan's economy and people. He was addressing the financial sector fraternity at the 9th Pakistan Banking Awards 2