Imaginative Pakistanis adjusted to make the most of their trimmed Eid budgets and celebrate the biggest festival of the Muslim calendar. Where there was a need, parents swallowed the pride, even endangered life, to access whatever resources they could garner from wherever possible to buy joy for children and participate in festivities. Eid economy, marketeers projected, shrunk uniformly by a
Banks’ lending to the federal government surged by 182 per cent while lending to the private sector fell by 83pc in first nine months of the current fiscal year. The State Bank of Pakistan (SBP) data showed that banks were keen to invest in government papers instead of lending to the private sector. While it reflects the government’s growing need for liquidity due to a shortfall in revenue coll
Interior Minister Rana Sanaullah has said he expects the long-awaited staff-level agreement with the International Monetary Fund to be finalised within a week to 10 days’ time — a pact that would pave the way for the revival of a $7 billion bailout programme. The minister made this statement while speaking to the media in Faisalabad on Monday. “The conditions of that [IMF agreement] are fulf
The non-implementation of the Device Identification, Registration and Blocking System (DIRBS) has thrived the usage of smuggled sets in Azad Jammu & Kashmir and Gilgit-Baltistan region, a source in the Federal Board of Revenue (FBR) told Dawn on Tuesday. Unlike the rest of the country, the key mobile phone operator in AJK & GB region is the Special Communications Organisation (SCOM), which is o
Dwindling purchasing power amid record-high inflation and massive devaluation has put a serious strain on e-commerce companies operating in Pakistan. According to a soon-to-be-released research report on the state of business-to-consumer (B2C) e-commerce in Pakistan, firms are struggling to even maintain their existing sales levels, let alone grow their operations. “Discussions with e-commer