Borrowing by the private sector has gone down by 86.3 per cent to Rs57.4 billion during the first half of the current fiscal year, from Rs419bn during the same period of last year. Only the Islamic banks were able to extend loans to the private sector during the first half of the current fiscal year, reflecting an extremely poor performance by both the private sector and lenders. Since the e
Borrowing by the private sector has gone down by 86.3 per cent to Rs57.4 billion during the first half of the current fiscal year, from Rs419bn during the same period of last year. Only the Islamic banks were able to extend loans to the private sector during the first half of the current fiscal year, reflecting an extremely poor performance by both the private sector and lenders. Since the e
The World Bank has started marketing more loans to Pakistan with a formal $425 million upfront offer to finance microfinance banks and social sector projects including the Benazir Income Support Programme (BISP). This was disclosed by the Ministry of Finance after Caretaker Finance Minister Dr Shamshad Akhtar had a meeting with a World Bank team led by its Country Director Najy Binhassine on Mo
Pakistan’s exports of non-textile value products saw a contraction in the first half of 2023-24 from a year ago. The negative growth was observed despite an increase in the country’s main exports of textiles and clothing in the same period, according to data compiled by the Pakistan Bureau of Statistics. In the July-December period, the exports of leather garments fell by 9.71 per cent year-
Pakistan and China on Monday renewed their commitment for the success of China-Pakistan Economic Corridor (CPEC) as the two sides expressed their desire for enhanced cooperation in the areas of information technology, economy, agriculture, and human resource development. Both sides expressed this resolve during a series of meetings of visiting China’s Vice Foreign Minister Sun Weidong with Pre