Investment more than consumption leading India’s economic growth, economists say
A surge in investments that offset sluggish consumption to boost India's growth in 2022-23 is expected to power the economy in the current financial year...
Pakistan’s Economic Woes
by Abbas Murtaza Maken and Syed Shujaat Ahmed
The dearth of economic accountability and transparency in Pakistan means that the size of the parallel economy...
IGI Investments (Private) Limited acquires majority biopharmaceutical companyÂ
IGI Holdings Limited is a Packages group company and was incorporated in 1953
Interest rate hiked
The State Bank of Pakistan’s Monetary Policy Committee on Wednesday increased the benchmark interest rate 100 basis points, to 21 percent, in an attempt...
Will AI be an economic blessing or curse? History offers clues
If medieval advances in the plough didn't lift Europe's peasants out of poverty, it was largely because their rulers took the wealth generated by...
Oil refineries fear shutdown amid rising fuel oil stocks
Pakistan oil refineries have warned the Ministry of Energy that rising fuel oil inventories, driven by the government’s shift to LNG-based power generation, could...
US loss of AAA badge a reminder of ‘regime shift’ for govt debt
Financial markets barely flinched when Fitch stripped the United States of its top credit rating, but it served as a reminder of longer-term structural...
Govt to hire professionals to solve governance issues in power sector
ISLAMABAD:Â In order to address governance problems in ten power distribution companies (DISCOs), the government has decided to hire sound and experienced professionals to provide...
Sugarcane pricing unsettling farming community
ISLAMABAD:Â The Senate Standing Committee on Food Security and Research has been told that the full price of sugarcane is not being paid to the...
Why does the choice of FBR chairman matter for Pakistan?
Whenever a chairman of the country's premier revenue body retires, infighting starts between the Custom service and Inland revenue service officers to capture the post
Biden, Modi hail new era for US-India ties and tout deals
U.S. President Joe Biden and Narendra Modi hailed a new era in their countries' relationship after the White House rolled out the red carpet...
Auto sector bleeds red as dollar jumps to Rs118Â
KARACHI: The massive rupee devaluation of Rs7.5, which made the dollar to jump to Rs118, has had a negative affect on the auto sector,...
For the average Pakistani household, loans are becoming a replacement for insurance
Pakistan’s financial inclusion numbers have shot up in the past decade but access to formal credit remains seriously misaligned with the average household’s needs
Liftoff: Modi’s space push for India counts on private players
Encouraged by high-profile successes elsewhere, India wants its private space companies to increase their share of the global launch market by fivefold within the...
Audit team unlikely to submit report on tobacco MNCs before PAC on 23 May
ISLAMABAD: The Auditor General of Pakistan (AGP) is not likely to conclude the special audit of international tobacco companies operating in the country within...
