Remittances through exchange companies remained robust during the first half of the current fiscal year (FY25), with $2 billion sold to banks and an additional $2bn in the open market. Pakistan is on track to receive $35bn in total remittances through banks by the end of FY25, with inflows already showing a 33 per cent increase in the first half compared to the previous year. According to ba
Global growth should remain stable this year and next, but at recent historic lows, the World Bank said Thursday, expressing particular concern about growth in developing countries. Growth should hit 2.7pc in 2025 and 2026, in line with the level reached last year, the World Bank announced in a new report, adding that inflation and interest rates should “decline gradually” over this period.
The Telecom Operators Association (TOA) has raised concerns over a 300 per cent increase in the price of fibre broadband routers, warning that the hike contradicts the government’s Digital Pakistan Vision and could jeopardise the broadband expansion in the country. In a letter to the Ministry of Information Technology and Telecommunications and the Federal Board of Revenue (FBR), the TOA argued
A day after announcing a reduction in power rates for electric vehicle charging stations (EVCS), Pakistan on Thursday sought France’s support for access to its Green Fund to enable the transition of conventional small vehicles to electric technology to ensure a cleaner environment and savings in oil imports. Power Minister Awais Ahmad Khan Leghari formally discussed the proposal with France’s A
After a three-session recovery drive, the stock market on Wednesday faltered due to uncertainty about the chances of a desired outcome of the ongoing dialogue between the government and the PTI, triggering nervous selling. As a result, the market slipped again on a bearish trajectory. Topline Securities Ltd said the bourse witnessed a consolidation phase characterised by notable volatility. The