Experts have called on the government and State Bank of Pakistan (SBP) to implement targeted policy measures aimed at unlocking the potential of renewable energy financing, thereby driving the country’s transition towards sustainable and renewable energy sources. This call was made during the launch of a study conducted by the Islamabad-based think tank Policy Research Institute for Equitable Deve
Lucky Motor Corporation (LMC) ceased booking for the KIA Stonic Ex+ after it was overbooked, following a reduction in price of over 1.5 million. Additionally, Pak Suzuki Motor Company (PSMC) lowered the prices of three Swift variants by up to Rs710,000 due to market conditions and dynamics. The reduction of the KIA Stonic EX+ price to Rs4,767,000 led LMC to halt bookings, which had been selling
For the second month in a row, Pakistan’s trade deficit multiplied and clocked in at $2.4 billion in April, which was 181% more than the same month of the last year due to dismal performance of exports and an uptick in imports. The monthly trade bulletin provides insight into how the country’s external trade would fare if imports were unrestricted. The Pakistan Bureau of Statistics (PBS) rep
The global economy is growing faster than expected only a few months ago thanks to resilient US activity while inflation is converging more quickly than expected with central banks’ targets, the OECD said on Thursday, upgrading its outlook. The global economy would maintain the 3.1% growth rate seen last year and pick up marginally to 3.2% next year, the Organisation for Economic Cooperation an
Developing Asia and the Pacific is ill-prepared to safeguard the well-being of its rapidly aging population, facing challenges ranging from low pension coverage to health issues, social isolation, and restricted access to essential services. While longer lifespans signify the region’s development triumph, urgent policy reforms are essential to uphold the welfare of older individuals, as per the Ag