Many economists love quoting the declining or rising figures of the Foreign Direct Investment (FDI) coming to Pakistan. Not only do our governments boast about increasing FDI, but the commentators also appreciate it as an important gain. The SBP regularly updates the figures. Their fascination with FDI appears, if not like a panacea, certainly as a major breakthrough in achieving a faster growth r
Notwithstanding Pakistan’s commitment to aggressively implement the new International Monetary Fund (IMF) programme, doubts persist among eminent analysts about whether Finance Minister Muhammad Aurangzeb will be able to fulfil his pledges. Among other factors, fears are grounded in historical records of missed targets, instability triggered by current political polarisation, and the fact that
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Renowned airport operators from around the world have expressed their interest in bidding for the management of the Islamabad International Airport. The development came to light during an online meeting chaired by Foreign Minister Ishaq Dar on Saturday. The meeting, which was attended by Pakistani envoys, reviewed market-sounding efforts for outsourcing airports through Pakistan’s diplomatic m
Amid unprecedented 22 per cent interest rate and restrictions imposed by the State Bank of Pakistan (SBP) to curb vehicle demand, consumers have increasingly been seeking used vehicles for auto financing over the past two to three years. A number of banks have ventured into the leasing and financing of used vehicles, including models up to nine years old. However, high monthly instalments conti