During the recently held African Summit in Beijing, some influential African leaders called for a balanced trade relationship between China and the region to narrow the trade deficit and address their trade structure. “One great goal may be narrowing the trade imbalance between China and Africa through increasing imports of agricultural goods and processed minerals,” says Zainab Usman, director
Around the world, financial services professionals — particularly some variety of bankers — are known for their haughtiness. Prestigious schools, inhumanely rigorous training as analysts, and partying at expensive clubs and yachts all help build that reputation. But the fact that they handle and allocate so much capital at least somewhat justifies it. The same arrogance found its way through the l
Shrugging off overnight gloomy conditions stemming from mounting political tensions and a delay in loan approval by the IMF board, the equities staged a recovery ahead of the announcement of an anticipated cut in the interest rate, propelling the index above 79,000 on Thursday. Ahsan Mehanti of Arif Habib Corporation said stocks closed bullish amid speculations over SBP key policy rate announce
BEYOND sensational late-night arrests of opposition MNAs, impunity for abductors and unending intrigue, there is a remarkable degree of continuity and consistency in how the Pakistani ruling class rules. Working people and ethnic peripheries are of secondary importance to all who occupy the corridors of power; their primary concern is to appease big creditors and foreign investors. Which is
CONTINUING ongoing monetary easing, the State Bank has slashed its key policy rate by 200bps from 19.5pc to 17.5pc for the third time since June. Cumulatively, the bank has sliced the interest rates by 450bps from the decade-high of 22pc in three months. The fresh reduction in the borrowing costs shows the central bank’s confidence over recent economic stability amid hopes that the IMF Board wo