Countries that introduced land reforms to unleash corporate and cooperative farming potential based on the latest technologies ushered in an agricultural revolution. With the transformation in the mode of production, not only the yield per acre of crops went up at an unprecedented pace, but a huge middle class emerged, widening prosperity in the countryside. High economic growth in regional
For a common man, figuring out how to manage and invest money in Pakistan is sometimes like finding your way through a maze. There are different ways to handle money, like keeping it with conventional banks, buying mutual funds units or stock, holding on to gold or property, investing funds, or opening an account with an Islamic bank that follows Sharia principles. According to the 2021 World B
With the IMF estimating a Rs175 billion cut in the consolidated development programme of the federal government and provinces, the caretakers in the Centre are seeking over Rs201bn reduction in the federal development budget alone for the current fiscal year, including Rs121bn allocated for the federal-funded provincial projects. On Monday (today), the National Economic Council (NEC), chaired b
Bears returned to the trading floor of the Pakistan Stock Exchange (PSX) on Thursday as shares traded in the red and lost more than 500 points. According to the PSX website, the KSE-100 index closed at 64,298 points, down 524.43 or 0.81 per cent, from the previous close of 64,822.43. The index had previously maintained an upward trajectory on expectations of measures aimed at addressing econ
Pakistani currency closed stable at a three-month high above Rs279.50 against the US dollar in the inter-bank market on Thursday as the central bank’s foreign exchange reserves hit over six-month high at $8.27 billion. The State Bank of Pakistan (SBP) reported that its foreign exchange reserves increased by a net 3%, or $243 million, in the week ended January 19, 2024. In its latest weekly u