Pakistan medical fraternity has called for locally manufacturing medical devices to reduce the country's reliance on imports, with 98% of devices currently being imported. The government must encourage made-in-Pakistan products and prioritise the emerging indigenous medical device industry to cut the import bill and boost exports, leveraging the country's reputation as the "land of competent docto
The industrialists, who have been affected by illicit trade and smuggling for decades, observed that although the government's measures have shown promising results for certain industries, the scale of smuggling in Pakistan remains alarmingly high. They emphasised that the country is still grappling with only the tip of the iceberg. To truly combat this issue, effective enforcement must be pair
The federal development spending has slowed down to Rs115 billion in the first five months of this fiscal year due to fiscal constraints but this has not stopped the government from funding more provincial schemes, thinning out the already scarce resources. Development expenses remained at Rs115 billion during the July-November period of this fiscal year. This was far lower than the Rs376 billi
The stock market extended its record-setting spree on Monday on the back of aggressive value-hunting, helping the benchmark KSE 100 index to achieve a new milestone above 116,000. Topline Securities Ltd said the index reached a new peak of 116,691, marking an impressive gain of 1,867.61 points, or 1.63pc day-on-day. The market continued its strong upward momentum, extending its record-break
THE latest reduction of 200bps in the State Bank’s policy rate appears moderate in the backdrop of calls from business groups for a bigger cut of 3pc to 5pc. With inflation plunging to 4.9pc last month, many expected a more ‘dovish’ monetary policy to bridge the gap between the latest inflation readings and real positive rates. The fall in the three-month benchmark Kibor — a reference interest