Finance Minister Muhammad Aurangzeb expressed hope for a key policy rate cut this year by the State Bank of Pakistan (SBP) in “line with inflation” on Wednesday. The comments come as a Reuters poll of market watchers found that the SBP is widely expected to cut its key interest rate next week by 100 basis points (bps) after holding it at a record 22pc for seven straight policy meetings. Spea
The Asian Development Bank (ADB) on Wednesday announced that it had approved a $250 million policy-based loan to Pakistan to drive sustainable investments in infrastructure and services through public-private partnerships (PPPs). “This programme is part of our comprehensive and integrated package of public sector management support that balances the country’s fiscal consolidation and growth obj
Braving the highest-ever electricity tariff, hapless consumers seeking instalments to pay heavy bills because of financial difficulties are now legally bound to pay a 14 per cent markup on delayed payments and will be disqualified from subsequent part-payment facilities for a year. This is in addition to a 10pc late payment surcharge (LPS) if a bill is not paid within the deadline prescribed on
Amid dwindling sales and the higher influx of used cars, Indus Motor Company (IMC) will export 50 locally assembled units of the Toyota Revo, Fortuner and Toyota Corolla Cross to Scandinavian countries. Additionally, there are plans to export human resources to Japan. IMC Chief Executive Officer Ali Asghar Jamali informed the media on Wednesday that the first batch would be shipped on July 25.
ISLAMABAD: Emphasising the need for business-to-business cooperation between Pakistan and China, Prime Minister Shehbaz Sharif on Wednesday assured Chinese investors and their investment-oriented projects of all-out facilitation and foolproof security in Pakistan. Addressing the Pakistan-China Business Forum in Shenzhen on the second day of his China visit, the PM highlighted bilateral trade a