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Banks’ loans to the private sector dropped from 5.3 percent of GDP to 1.2 percent in the last 20 years, as per the World Bank (WB) data showing credit trends from 2001 to 2020.The WB is busy streamlining a picture of the current situation where the US …
The Sensitive Price Indicator (SPI) for the week ended 13 January 2022 recorded a decrease of 0.43 percent, stated the Pakistan Bureau of Statistics (PBS).During the week, out of 51 items, prices of 16 (31.37 percent) items increased, nine (17.65 perce…
Pakistan’s leading doctor booking and teleconsultation platform, Oladoc, has raised $1.8 million as part of its Pre-Series A round.The round was led by Sarmayacar Ventures along with participation from Doha Tech Angels and other angel investors. Althou…
The National Assembly has passed the National Information Technology Board (NITB) Bill, which would not only enable the Board to harness the latest solutions ICT’s have to offer but would also induct and mainstream these technologies in the processes o…
Advisor to the Prime Minister on Commerce, Abdul Razak Dawood, has accepted the recommendation of the Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) to set up banking counters on the Pak-Afghan border.The advisor promised Presiden…
Published by Esports Insider Dubai-based esports, gaming and lifestyle organisation Galaxy Racer has announced a projected investment of around $10m (£7.28m) into the Malaysian esports ecosystem. Galaxy Racer plans to invest in esports competitions and events in the region, as well as build a new regional headquarters for the Asia Pacific region in Malaysia. RELATED:…
The National Assembly is in progress to vote on the Finance Supplementary Bill 2021. The session started with Speaker Asad Qaiser in the chair.Meanwhile, a motion seeking to circulate the Finance (Supplementary) Bill, 2021 for eliciting opinion on it f…
Pakistan’s liquid foreign reserves witnessed an outflow of $118 million in the first week of 2022 that ended on January 7, 2021, according to the State Bank of Pakistan (SBP).The central bank’s weekly report released on Thursday revealed that the count…
All Pakistan Sugar Mills Association (PSMA), Islamabad Thursday termed its meetings with the federal and provincial governments as futile as they did not produce any solid outcome in the issues facing the sugar industry.In a statement, a PSMA spokesman…
