When the government’s needs are very high along with interest rates, the private sector will always be crowded out, said JS Bank President & CEO Basir Shamsie in an interview. “Even if banks were willing to lend money to the private sector, there is not much demand at the current monetary policy rate.” He elaborated on the dynamics of the credit market, explaining that the risk and reward trade
Not too long ago, you’d hear boomers blaming everything wrong in society on mobile phones. This was before they signed up on Facebook and started receiving fake news on WhatsApp and became one of the largest demographics for these products. Coincidentally, the two Meta-owned apps also had the third and fourth most downloads in Pakistan during 2023, at 23.4 million and 22.8m, respectively. Accor
The financial sector plays a crucial role in promoting environmentally sustainable and socially responsible investment. Pakistan has set a target of a 50 per cent reduction in its projected greenhouse gas (GHG) emissions by 2030 — 15pc from the country’s resources and 35pc subject to the provision of international finance amounting to $101 billion for the clean energy transition. This requires
The resurgence of social and political tensions post-February elections is puzzling, especially when economic indicators in Pakistan are finally starting to improve. Despite navigating a very difficult year, where the country narrowly avoided default with the help of donors, the political climate has become increasingly volatile. The public, desperate for tangible benefits, is growing impatient
Freedom of expression is under threat. Defence Minister Khawaja Asif warns media persons and social media users that they could go to jail if they share ‘secret’ information that hurts Pakistan’s ties with “friendly and brotherly countries”. Does this apply to reporting and commenting on Dubai Unlocked, popularly known as Dubai Leaks? Well, it depends on who reports and who comments. Thanks