Pakistan’s auto financing reaches historic high at Rs308bn in June

Lower cost of borrowing, increased options, and decreased duties by the government have allowed people to buy more cars, and thus increased car financing and car sales in the country. On the other hand, the EV sector of the auto industry is kicking off with MOUs and partnerships being signed between local and international companies.

Sugar import to set back Pakistan a whopping Rs18 billion

A recent meeting of the Economic Coordination Committee has decided to import 200,000 metric tonnes of sugar to build strategic reserves as countermeasures because the government expects speculative forces to drive the price up. Rs18 billion has been set aside for the import of the necessary sweetener.

73 Pakistani businessmen awarded Golden Visa for UAE

After Fakhr-e-Alam and Shoaib Malik, now 73 Pakistani entrepreneurs and businessmen have been granted the Golden Visa that erases travel restrictions for 10 years.

Gov’t to formulate a list of fake companies owned by Pakistanis

Imran Khan government has started work to comply with the FATF's recent and most challenging points given in the recent plenary. The implementation of these points would tighten the regulations for Pakistanis who have investments abroad.

Pakistan’s external sector doing good, but the way ahead is thorny

Pakistan's Current Account has fared pretty well on the back of high capital inflows from remittances and the textile sector, but the recent downward trajectory shows that government needs to work on policy reforms to diversify the export portfolio and maintain the promised "sustainable growth".

Chairman AKD securities says economy heading in right direction

Aqeel Karim Dhedhi while talking to a private media channel said that behind the current plunge in the economic indicators there is a sign for the hope that will be visible in some time as the local economy heading towards expansion. He also suggested solutions to the energy sector's problems.

IMF approves reforms to help poor countries in economic recovery

The reforms will increase the normal limits on access to concessional financing by 34 percent, coupled with the elimination of hard limits on access for the poorest countries. This would increase the flexibility of funds disbursement according to the need of the related countries.

Pakistan’s economy remains a challenging situation for Tarin, experts

As the new fiscal year 2022 begins, the experts argue government's macroeconomic direction seems to go in a direction that is inflationary by every standard, increasing the burden on the people and will make the far-reaching economic targets difficult to realize.

ECC approves a 53pc increase in the price of necessary items

ECC on Friday also decided to import 200,000 tons of sugar to maintain strategic reserves and has decided to focus more on the bottom-up approach to decrease poverty with its many new initiatives announced.

Financial setoff mechanism by govt owned IPPs may loosen the noose of circular debt; envisions Hammad Azhar

Circular debt, Pakistan’s bleeding wound has been the anathema to economic progress and social alleviation for many years. With the approval of the financial setoff mechanism for government-owned entities by ECC, circular debt may decline. Should we take it with a grain of salt or is there some weight in this?

HBL wins “Best Bank in Pakistan 2021” award by Euromoney 

Euromoney awards HBL the accolade of Pakistan’s Best Bank 2021. Earlier this year, the Bank also won the Asiamoney award for Best Domestic Bank...

Pakistan’s economic development amidst global challenges

Pakistan on the right track of economic development despite global challenges. However, if the hurdles are not handled tactfully, it may hamper the stability and growth rate of the economy, experts warn.