Banks have been unable to utilise surplus liquidity as the federal government seems to have discontinued borrowing for now while the private sector is still reluctant to enter the money market, banking experts said on Monday. Even though the federal government has been the biggest borrower of banking money, it has refrained from doing so after an injection of Rs2.7 trillion liquidity by the Sta
Pakistan has emerged as the lowest-risk country concerning food safety standards for the fiscal year 2023-24, with rice exports making up 25 per cent of the European rice export market, significantly outpacing India’s 16pc. This information was revealed during a meeting between the newly elected Chairman of the Rice Exporters Association of Pakistan (REAP) Malik Faisal Jahangir and Commerce Min
Amid escalating regional tensions following an Iranian missile attack on Israel and mounting political tensions due to ongoing protest by the opposition party in the capital, the Pakistan Stock Exchange (PSX) closed the tumultuous week at a record high of above 83,500. The bullish spell was driven by surging exports, foreign exchange reserves and growing expectations of another 200 basis points
In the world of startups, attention spans are usually short-lived, just like the apps they build out. One day, you’d be a star, getting media attention left right and centre, speaking at conferences and being named in the Forbes 30 under 30. The following month, you could be facing legal proceedings on charges of fraud. Yet, one company has managed to keep everyone hooked for close to two years
A long time ago, Deng Xiaoping termed the reform he helped initiate as China’s second revolution. “The reform we are now carrying out is very daring. But if we do not carry it out, it will be hard for us to make progress. Reform is China’s second revolution,” he is quoted to have said during his talk with Mr Susumu Nikaido, Vice-President of the Liberal Democratic Party of Japan, in 1985. “I