Renowned airport operators from around the world have expressed their interest in bidding for the management of the Islamabad International Airport. The development came to light during an online meeting chaired by Foreign Minister Ishaq Dar on Saturday. The meeting, which was attended by Pakistani envoys, reviewed market-sounding efforts for outsourcing airports through Pakistan’s diplomatic m
Amid unprecedented 22 per cent interest rate and restrictions imposed by the State Bank of Pakistan (SBP) to curb vehicle demand, consumers have increasingly been seeking used vehicles for auto financing over the past two to three years. A number of banks have ventured into the leasing and financing of used vehicles, including models up to nine years old. However, high monthly instalments conti
Researchers and analysts say the State Bank of Pakistan (SBP) could reduce its policy rate by 100 to 150 basis points at Monday’s Monetary Policy Committee meeting. The upcoming monetary policy review is of high importance, particularly given the declining trend of inflation and a stalemate-like situation for economic growth. Despite some firm arguments in favour of maintaining the interest
Prime Minister Shehbaz Sharif informed the International Monetary Fund (IMF) Managing Director (MD) Kristalina Georgieva in a meeting on Sunday that his government was fully committed to putting Pakistan’s economy “back on track”. In a meeting on the sidelines of the World Economic Forum (WEF) Special Meeting in Riyadh, the premier thanked Georgieva for her support to Pakistan in securing the U
While simultaneously working on proposals for expenditure control, the government is ready to hire around one and a half dozen technical experts and consultancy firms from the market at special remuneration packages, starting with the ministries of energy and finance. The recruitment model for ‘technical advisers’ would subsequently be replicated in 10 other economic and technical ministries in