Pakistan’s total debt and liabilities increased at a double-digit pace to a new record of nearly Rs81 trillion during the past year, as the country grapples with finding new sources of financing to meet its growing debt servicing needs due to junk credit ratings. According to the State Bank of Pakistan (SBP), Pakistan’s total debt and liabilities surged by Rs8.4 trillion as of the end of March
DUBAI, with all its glitter and glamour, has long been a destination of choice for wealthy individuals looking to expand their property portfolio abroad. As a high-income developing market economy, as well as a ‘brotherly’ Muslim state, many Pakistanis see it as an attractive destination to live and put down some roots in. At the same time, however, the emirate seems to have become a haven for
Risk Associates has announced Meezan Bank Ltd’s certification with the PCI 3DS (Payment Card Industry Three Domain Secure) standard. This milestone positions Meezan Bank as the first Pakistani bank to attain such an accreditation. The certification highlights Meezan Bank’s focus on maintaining a secure banking infrastructure that protects data and provides secure transactions for its cliente
As the Centre prepares the federal budget, set to be presented next month, Prime Minister Shehbaz Sharif on Wednesday directed the authorities concerned to take all provincial governments on board so that the document could be finalised through mutual consultation. The prime minister expressed these views during a meeting with Sindh Chief Minister Syed Murad Ali Shah at the PM House. The pri
With a large portion of Pakistan’s population, particularly children and women, suffering from moderate to acute malnutrition, the US government is spending $85 million directly to address malnutrition issues, including $12mn on acute cases, across the country. “The US, and the embassy in particular, are focusing on the issue of malnutrition in Pakistan, especially in the wake of the floods, as