Rising poverty and unemployment continue to challenge consumption, which leading bankers consider crucial for economic growth. “Pakistan’s poverty index is 40 per cent (historically 20pc), much higher than India and Bangladesh’s 15pc to 20pc. Another 20pc borderline segment lives with very compressed income levels,” former State Bank governor Salim Raza was quoted as saying in ‘Road to Sustaina
Minister for Investment and Privatisation Abdul Aleem Khan said on Saturday that the Board of Investment (BoI) will provide full support to Chinese investors, particularly concerning the sale and transfer of land in special economic zones (SEZs). Chairing a meeting on economic zone policy in Lahore, Mr Khan directed the Board of Investment to engage with the Khyber Pakhtunkhwa government and re
The Pakistan Stock Exchange (PSX) continued its bullish momentum on Friday, achieving a historic milestone as the KSE-100 index surged by 1,139.13 points, or 1.17%. The KSE-100 index reached an all-time high of 98,467.52 points during intra-day trading, surpassing its previous close of 97,328.39 points. This surge in the benchmark index was driven by sustained optimism surrounding Pakistan’s
Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Thursday mentioned increased productivity, quality and innovation (PQI) as the instant solution to the economic difficulties faced by the country in the absence of required investment. "These (PQI) are the basic pillars on which the national competitiveness of any country depends," he said while addressing the inaugural s
The Pakistan Banks' Association (PBA) unveiled strategic initiatives aimed at fostering financial inclusion and sustainability during a high-level meeting chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb. According to a press statement released on Thursday, the session, attended by State Bank of Pakistan (SBP) Governor Jameel Ahmad and senior officials, showcased effo