Pakistan is heading toward elemental changes in its political system. If you examine the recent Constitutional amendments, you can see some desperate moves to ensure that the underlying structure of the current hybrid regime is sustained. And you’ll also notice some subtle and not-so-subtle attempts to undermine the superior judiciary. So, let’s assume the current hybrid regime remains what it
Abhi (Pvt) Ltd and TPL Corp Ltd received formal approval on Tuesday from the State Bank of Pakistan (SBP) to acquire FINCA Microfinance Bank Ltd jointly. The strategic alliance between Abhi and TPL Corp aims to reshape financial inclusion efforts across Pakistan by combining FINCA’s extensive microfinance network and expertise with Abhi’s innovative digital solutions and TPL Corp’s presence in
The country’s debt-to-GDP ratio dropped to 65.7 per cent in September, reversing last fiscal year’s upward trend, according to the latest data released by the State Bank of Pakistan (SBP) on Monday. The data shows a substantial increase in central government domestic debt, which rose by Rs7.838 trillion over the past year to reach Rs47.536tr in September 2024, up from Rs39.698tr in September 20
US and European stocks mostly climbed, while the dollar rose and bitcoin extended a record run on Monday, as traders took their lead from events in the United States and China. Chinese stock markets closed mixed and oil prices slid after China’s latest plans to stimulate its economy fell short of expectations. Wall Street’s three main indices pushed solidly into record territory at the openi
Amid a continuous downturn in demand for tractors, the sales of cars, LCVs, pickups and vans clocked in at 13,108 units in October, up by 27 per cent month-on-month (MoM) and 112pc year-on-year (YoY), thus pushing up sales by 50pc during 4MFY25 to 40,693 units. This increase in sales is primarily driven by improved auto financing and a general sense of optimism and stability in the market, Myes