Digital payments are rapidly increasing as Raast transactions surged to Rs6.4 trillion in the second quarter of 2025, said State Bank of Pakistan Deputy Governor Saleem Ullah while launching the “Go Cashless” drive on Saturday. Transactions via Raast have been growing fast in major cities, but a majority in the rural areas did not operate this system. To boost financial inclusion and encourage
Donald Trump’s simmering discontent with the US Federal Reserve boiled over this week, with the president threatening to take the unprecedented step of ousting the head of the fiercely independent central bank. Trump has repeatedly said he wants rate cuts now to help stimulate economic growth as he rolls out his tariff plans, and has threatened to fire Fed Chair Jerome Powell if he does not com
Pakistan Suzuki Motors Ltd (PSML) has urged the government to limit the import of used cars to boost local production, as these imported second-hand vehicles make up a quarter of the automobile market. During a briefing for journalists on Saturday, PSML Chief Executive Officer and Managing Director Hiroshi Kawamura discussed the government’s plan to enhance production of the Large-Scale Manufa
Pakistan’s raw food exports rose 1.62 per cent to $5.75 billion during the first nine months of the current fiscal year compared to $4.66bn a year ago, mainly driven by a significant rise in sugar and basmati rice shipments. Exports have increased for 20 straight months despite unparalleled food inflation in the country’s history. Because of supply and demand imbalances, consumers nationwide pa
The four-day strike by goods transporters, which ended early Saturday morning, has caused significant disruption to trade and port operations, with exporters reporting millions in losses due to delayed shipments and piling backlogs of imported containers. Karachi Chamber of Commerce and Industry (KCCI) President Jawed Bilwani said traders are estimated to have incurred around Rs120 million i