• "The quality of life you have here is very different from what you experience up north, and it is priceless."

• “This is a remarkable recovery,” he said. “And unlike past growth stints, forex reserves have also grown and the current account remains in surplus,” added Azhar.

• The digital unit was sent crashing to almost $30,000 at one point, less than half its record high reached last month, in reaction to Beijing's warning that it would not be allowed for transactions.

• Brent crude briefly broke $70 a barrel, hitting the highest level since March on solid demand as coronavirus-hit economies reopen around the world.

• He said that despite coronavirus pandemic, economic indicators are strong this year.

• “That’s the bare minimum we need for a country this size,” said Tarin, who will be presenting a new budget in June.

It is heartening to note that State Bank of Pakistan has decided to open authorized bank branches dealing in foreign...

• Bucking the trend, technology stocks fell 2.3% as investors turned back to value stocks on recovery hopes, intensified by sell-off in US peers.

• The jump was also fired by a surge in commodity prices -- iron ore is at a record and copper close to one -- electronics and integrated circuits, which are then mostly turned around before being shipped abroad.

• The decision, which was unanimous, was in line with analyst expectations.

• Reserve Bank of India governor Shaktikanta Das said cheap loans would be available until March 31 next year, and vowed to deploy "unconventional" measures if the crisis worsens.

• “After COVID the remittances have increased, due to decrease in Pakistanis travelling we are moving towards consumption-driven growth. Furthermore, the reduction in the interest rate and strengthening of Pakistani rupee has played a role in KSE-1000 companies showing record profit,” he said.

• The Hang Seng Index added 0.25 percent, or 71.09 points, to 28,428.63.

• As the third wave continues to disrupt economies worldwide, Pakistan’s economy has a lot going on in its favour this time, according to the Dr. Raza Baqir, Governor of the State Bank of Pakistan (SBP) in an online session with Nest I/O.
• Dr. Raza Baqir explained how the country’s demographic profile, growing mobile penetration rate, and positive economic indicators, especially during the COVID-19 pandemic, have contributed to an increase in investments.

• Coronavirus-driven working from home has been boosting demand for devices powered by Samsung's chips, as well as home appliances such as TV and washing machines.

• The monthly bulletin was of the view that the recent increases in international and domestic energy prices are expected to have transitory effects on inflation.

• The projected resurgence follows a 0.2pc contraction last year, according to ADB’s Asian Development Outlook (ADO) 2021, released today.

2021 has started on a smooth note for banks. UBL was the latest to rake up good profit numbers for 1QCY21 –...

LAHORE: Chief Minister Punjab Sardar Usman Buzdar while chairing a meeting about the development of the mines and...

• The report highlighted that investment and productivity, which are the two major drivers of growth are not only rather low in Pakistan, but are on a decline.

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) Secretary-General Ahsan Iqbal lambasted Prime Minister Imran ...

• Najam was of the view that despite challenges, the government should target to achieve a 6pc to 7pc growth rate and utilize all the resources at its disposal especially low-interest rate (policy rate).

Pakistan’s gas allocation policy caters to winning votes rather than what is right for its economy or bringing its...

When Paul Volcker, the then chairman of the Federal Reserve, increased interest rates sharply following an increase...

ISLAMABAD: The International Monetary Fund (IMF) and Pakistan, on Monday, held discussions on state of economy,...

ISLAMABAD: Pakistan’s economy, which was relatively resilient in 2020, are forecast to experience a sluggish...

ISLAMABAD: Minister for Aviation Ghulam Sarwar Khan, on Saturday, said that the government’s focus is to ...

Federal Minister for Planning, Development and Special Initiatives,Asad Umar has said that Pakistan needs economic transformation by redefining resource allocation and incentive structure. Asad Umar was addressing a seminar organized at the Planning Commission in which the Economic Advisory Group/PRIME Institute gave a presentation outlining a conceptual framework for economic transformation.

• The current forecast has yet to include the impact of the fresh spike in COVID-19 infections, she said.