Some short-sighted staff members of Telenor Microfinance Bank Ltd (TMBL) dug a financial hole many years ago, and the bank is gradually crawling out of it at a huge cost. It may be hard to believe that a microfinance bank claiming to be one of the country’s top three financial institutions in terms of the number of “active” monthly customers is actually a loss-making enterprise for its sharehol
Socio-political drivers determine the pricing in Pakistan’s real estate industry, worth around $350 billion. The district collector’s (DC) property valuation rates and the State Bank of Pakistan’s interest rates remain a meagre part of the economic literature. Despite a consequent decrease in real estate prices globally, there is no sign of a decline in property prices in Pakistan. Like many ot
Has the State Bank (SBP) gotten it wrong once again? That’s the question being asked by many as the bank last week decided to keep its benchmark policy rate steady at 15 per cent for a second consecutive meeting to support an economy struggling to contend with an unprecedented liquidity crisis worsened by the recent deadly floods. The reasons are obvious: the central bank’s recent track record
By all means, the monster of inflation is out with a bang touching 27.3 per cent in August — a 49-year high, before slightly receding to 23.2pc in September. The July-August 2022-23 inflation measured by the consumer price index (CPI) was above 26pc against 8.4pc during the same period last year. It dropped somewhat to 25.1pc in the first quarter (July-September) of 2022-23 against 8.7pc of 2021-2
The production of wheat in the upcoming Rabi season is expected to decline as decreasing profit margin and high input costs are making farmers look out for alternative crops like maize and rice, jeopardising national food security. Meanwhile, expressing concerns over the impending food shortage in the wake of floods, Prime Minister Shehbaz Sharif has called for collective efforts to ensure food