Despite the tough economic conditions prevailing in the country, realtors and development agencies are busy marketing their schemes. It is believed that real estate still dominates in attracting investments from large-scale investors as well as ordinary individuals with some savings. High risk in other sectors such as trading or manufacturing, absence of advice and information regarding paralle
We all grew up knowing that education is the key to success, to employment, to growth, to wealth and to be a ‘somebody’ in life. That’s why at preschool level parents are willing to spend thousands for entrance prep for a prestigious school like Karachi Grammar School. The sessions not only entail prepping the child for the entrance test but there are also stories of parents being coached on how t
Bulls dominated the trade floor at the Pakistan Stock Exchange (PSX) on Thursday as shares gained more than 700 points, which analysts attributed to falling bond yields. The benchmark KSE-100 index climbed 836.06 points, or 1.02 per cent, to stand at 82,803.06 points from the previous close of 81,967.00 points at 1:24pm. Finally, the index closed at 82,721.76, up by 754.76 points or 0.92pc, fro
OVER the past few months, the rate at which the prices of goods and services in the country have risen has slowed significantly. Headline fell to a 44-month low of 6.9pc last month. This decline, driven by a high-base effect from last year when annual inflation stood at 31.4pc, along with plunging global oil and commodity prices, a stable exchange rate, falling demand due to eroding real wages,
THE news is not all bad, though the outlook remains gloomy and will take at least a year to rectify. The stabilisation phase of economic management is drawing to a close. The government is making the right moves with plans for a debt buyback to retire a large amount of maturing Treasury bills, although one hopes this won’t simply be swapped with one debt instrument or another. The sheer size of