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
In the era of artificial intelligence (AI), the landscape of content is undergoing a revolutionary transformation, reshaping narratives in corporate settings and beyond. As we approach this resurrection, set to unfold over four decades after the premiere of Forrest Gump, starring Tom Hanks and Robin Wright, AI tools take centre stage in crafting a new, unrelated film. This innovative approach invo
Pakistan Refinery Limited (PRL) will remain shut from Tuesday (today) for 35 to 38 days due to maintenance and inspection turnaround, the company said on Monday in a stock filing. Last week, PRL announced doubling its crude oil refining capacity from 50,000 barrels per day (bpd) to 100,000 bpd aimed at eliminating the production of high sulphur fuel oil (HSFO) and maximising the production of p
The State Bank on Monday kept the interest rate unchanged at 22 per cent and increased the inflation target in the range of 23 to 25 per cent for the current fiscal year. “The Monetary Policy Committee (MPC) decided to maintain the policy rate at 22pc. The frequent and sizeable adjustments in administered energy prices have slowed down the pace of decline in inflation anticipated earlier, besi
The European Union has fulfilled its pledge of an additional grant assistance of 100 million euros (Rs30 billion) to enhance the post-flood resilience in Pakistan. EU Ambassador Dr Riina Kionka and Economic Affairs Division (EAD) Secretary Kazim Niaz signed five new grant agreements in Islamabad on Monday. These agreements, under Team Europe’s response to the 2022 post-flood Resilient Recove