Pakistan’s gross domestic product (GDP) growth is projected to recover modestly to 1.9 percent in fiscal year 2024 (1 July 2023 to 30 June 2024) from 0.3 percent in FY2023, with price pressures remaining elevated, said the Asian Development Bank (ADB)…
In a bid to foster innovation, financial inclusion, and availability of affordable digital financial services, the State Bank of Pakistan (SBP) has granted In-Principle Approval (IPA) for establishing five digital retail banks, namely HugoBank Limited…
Oil prices continued their upward surge on Monday as they inched towards $95 a barrel over increased demand and supply cuts from Saudi Arabia and Russia.Brent Crude, the international benchmark, was above the $94 a barrel mark while WTI Crude prices we…
The Board of Directors of MCB Bank Limited (PSX: MCB) has approved the establishment of an exchange company with Rs. 1 billion as initial paid-up capital, the commercial bank informed the Pakistan Stock Exchange on Monday.According to a stock filing, t…
The provincial caretaker government in Khyber Pakhtunkhwa (KP) has declined to approve the request made by the Transport Department for the disbursement of a delayed Rs. 800 million for the Bus Rapid Transport (BRT) Peshawar.A national daily has report…
Pakistan’s Cotton arrivals have seen a remarkable 29.3 percent increase as of September 15 compared to August 31, according to data released by the Pakistan Cotton Ginner’s Association (PCGA).The total cotton arrival now stands at 3.933 million bales, …
