Banking sector grows but struggles with serving priority sectors
KARACHI: Pakistan’s banking sector has experienced significant growth in deposits and investment over the past five years, but it still…
Consumers may be denied petrol price relief
ISLAMABAD: The government is likely to deny consumers a full relief from the decline in international oil prices as it…
Rupee springs surprise, drops Rs4
KARACHI: Pakistani currency on Friday dropped by a surprising 1.40%, or Rs4, to Rs284 against the US dollar in the…
Textiles see decline while apparels boom
KARACHI: Pakistan’s textile industry has experienced a significant decline in production, particularly in the cotton yarn and cotton cloth segments,…
Wall St climbs on cooler inflation
BOSTON: World stocks extended gains on Friday while the dollar held near 15-month lows after US inflation data this week…
‘Work on ML-1 railway line project to start this year’
BEIJING: Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, expressed his optimism about starting the much-anticipated ML-1 project…
Pakistan sovereign wealth fund draft law finalised
ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over a meeting on Friday to discuss the…
Ghana seeks joint ventures with Pakistan
LAHORE: Ghana Ambassador Eric Owusu Boateng has invited Pakistan’s business community to forge joint ventures with its counterparts in the…
Lack of funds hamper SME growth: Study
KARACHI: Access to finance is a significant barrier to SME growth, as highlighted in a study conducted by the Competition…
Govt struggles to fund SIFC
ISLAMABAD: The Ministry of Finance has not yet given the budget of Rs400 million to the newly setup civil-military led…