Amid an uncertain economic outlook with high downside risks, the private sector’s participation in economic growth remains unnoticeable as it is not borrowing from banks for business expansion. However, the Asian Development Bank (ADB) in its latest report sees Pakistan’s economy expanding at 1.9 per cent in FY24 driven by a rebound in investments by the private sector linked to progress on ref
As the auto market continues to grow in Pakistan, new players are setting their sights on introducing hybrid as well as electric vehicles (EVs) in the country, and one of the largest automakers has announced its entry into Pakistan. The BYD Group of China has recently announced its entry into the passenger vehicle market in Pakistan in collaboration with Mega Conglomerate Pvt Ltd, the parent co
The State Bank of Pakistan (SBP) has repaid $1 billion against euro bonds, creating goodwill for the bonds in the near future. Pakistan on Friday successfully made a payment of $1bn on an international bond, which included principal plus interest, the central bank said in a statement on Saturday. “The payment was made to the agent bank for onward distribution to the bond holders,” it added.
For the better part of the last 15 years, Pakistan has faced serious economic troubles. Even during the supposedly good times, the alarm bells were quite clear. Lately, we have truly learned the meaning of rock bottom through a series of ‘firsts’. Be it the highest inflation in our history, interest payments exceeding federal revenues or another indicator of your choice. Briefly, the startup
The United Arab Emirates (UAE) and Turkiye followed with their earnings of $155bn and $90bn, respectively, according to a World Bank report. Pakistan can learn a lot from these three nations and from China and India — the two Asian giants. Combined, the five countries boast an 18 per cent share in global services exports. We all know that Singapore has one of the best education systems, and Sin