ISLAMABAD: Every time the State Bank of Pakistan (SBP) lets money supply grow drastically by issuing bonds or by injecting rupees on account of remittances, we expect inflation in a while. But when the People’s Bank of China does something similar, no one in Beijing worries about inflation. For perspective, in 2026, Pakistan’s headline inflation…
SWIFT RESPONSE: AI-powered systems can analyse millions of transactions in real time, identify unusual behavioural patterns and detect potentially fraudulent activities with far greater accuracy than conventional rule-based monitoring systems. PHOTO:FILE KARACHI: As scams are increasing day by day, the adoption of artificial intelligence (AI) could significantly reduce fraud and cyber scams in Pakistan’s banking…
Core inflation stays above 8% as PIDE report warns of oil price shock, external risks KARACHI: With inflation cooling but still refusing to settle, and an uneven economic recovery leaving little room for another monetary squeeze, economists have recommended that the State Bank of Pakistan (SBP) keep its policy rate unchanged at 11.5% at its…
MUMBAI: India said on Saturday it would continue engaging with the United States to conclude a bilateral trade agreement, after Washington imposed a 10% tariff on imports from the South Asian nation under new trade measures. The Trump administration on Friday unveiled fresh duties of between 10% and 12.5% on goods from 60 trading partners,…
CREDIT LINE: The minister emphasised that institutions such as the Exim Bank of Pakistan should provide greater financial support to clusters of cottage industries and small-scale processors, enabling them to adopt modern technologies. PHOTO:FILE ISLAMABAD’: Pakistan’s fruit bagging programme has received encouraging feedback from premium international markets in the wake of enhanced quality and marketability…
Cites non-publication of Platts rates; petrol remains at Rs335.18 per litre while HSD stays at Rs383.46 A petrol pump in the federal capital seen in this undated image. —FILEPHOTO After an increase for five consecutive days, the government on Saturday announced that petrol prices would remain unchanged for the next two days, citing the non-publication…
Aurangzeb calls for transparent, evidence-based decisions to ensure access and affordability ISLAMABAD: Finance Minister Muhammad Aurangzeb chaired the 8th meeting of the Cabinet Committee to consider recommendations of the Drug Pricing Committee and the Policy Board of the Drug Regulatory Authority of Pakistan (DRAP), according to a statement on Friday. The meeting was attended by…
ISLAMABAD: Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan has expressed full government support for the Islamabad Chamber of Commerce and Industry’s (ICCI) initiative to organise the PakistanTürkiye Business Opportunity Conference in Istanbul on August 13, 2026, according to a statement on Friday. Khan made these remarks during a meeting…
SBP likely to hold rate, SPI falls to 9.66% but remains in double digits for the poor KARACHI: Pakistan’s inflation trajectory appears to be turning less comfortable just as the economy enters the new fiscal year, with rising food prices and renewed uncertainty over global energy markets threatening to push the cost of living higher….
ISLAMABAD: About 40% officers of the Federal Board of Revenue (FBR) considered for promotion have been placed on the performance watch list due to their competency and integrity issues while suspension cases have tripled over the past two years, said the tax authorities. In a background briefing, the tax authorities said that financial integrity was…