Russian Rouble gains value despite western economic sanctions
Russian Rouble continued the upward trend against dollar to become the best performing currency of the world. The strengthening of Russian currency, that too, due to its exports sector is impressive keeping in view the ongoing Russia-Ukraine war.
State Bank hikes base interest rate by 150 bps
Internally, domestic uncertainty, expansionary monetary policy and petroleum and energy subsidy, while externally the Russia-Ukraine war and the latest wave of Covid-19 in China influenced the decision.
UN body: Ukraine war has strongly impacted Pakistan’s economy
Inflation rate in Pakistan edged up to 13.4 per cent in April 2022, which is more than double the central bank’s inflation target.
Zameen.com organises first edition of Pakistan Property Event in Doha, Qatar
Attendees from UAE and the Gulf region had previously expressed a keen interest in investing in projects from Pakistan at the UAE edition of the Pakistan Property Event held in Dubai last year.
Pakistan imports to GDP ratio surpasses 18 percent
Analysts believe that the ratio of large imports is often exaggerated, taking the focus away from the real problem, which is the lack of exports of the country.
Chairman STZA urges digitalization of justice system
The Chairman thanked the Tech for Justice Forum and lauded the role of the government, and private sector stakeholders for their support.
Toyota halts bookings for a second time amidst uncertainty
Toyota Indus has closed the bookings for all its models due to the economic uncertainty and unstable market situation.
APTMA Chairman dubs PTI’s ousting as cruel
Zaman added that the policies introduced by financial institutions during the tenure of the PTI-led government provided a very enabling environment for the businesses.
Zameen.com inks MOU with the Institute of Financial Markets of Pakistan (IFMP)
The ceremony was attended by the senior leadership of the Zameen Academy and the IFMP.
HBL – A ‘Technology Company with a Banking License’
Starting in 2016, HBL adopted a technology-focused approach, which is unparalleled in the country. It re-envisioned itself as a 'Technology company with a banking license' and, in doing so, transformed itself into a bank of the future – one that is empowering its customers through digital enablement.
Pakistan’s ezBike raises $1 million in its first pre-seed round
The company will start the sales of its electric scooters in the summer of this year i.e. 2022, and also intends to pilot its solution with one of Pakistan’s leading delivery companies.
Massive sales drop of Proton X70
The company was unable to produce enough units to meet the demands of the customers in Pakistan. Similarly, the company sold only 86 units in February 2022 and zero units in March this year.