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Pakistani pink salt finds market in China
BEIJING: In a significant development, the allure of Pakistani Himalayan pink salt products, such as salt lamps and bath salt, has…
SBP maintains record high policy rate
KARACHI: The State Bank of Pakistan (SBP) has announced its decision to keep the benchmark policy rate unchanged at a record high…
Pakistan, China revive CPEC Phase-II
ISLAMABAD: Pakistan and China agreed on Monday to revive the second phase of the China-Pakistan Economic Corridor (CPEC) as the…
SBP keeps key policy rate unchanged at 22%
KARACHI: The central bank on Monday announced that the key policy rate - the cost of banks’ lending - would remain unchanged at 22…
PSX surges over 1,000 points, crosses 48,000 barrier to two-year high
KARACHI: The Pakistan stock market soared by over 2%, or over 1,000 points, to a two-year high at 48,000 points in early trading…
Why stagflation vexes the economy
LAHORE: The current stagflation is greatly impacting the masses, with rising unemployment and a palpable decline in the…
Will this IMF lifeline be any different from the others?
KARACHI: Last year in August, I wrote about “IMF Deals Sans Political Stability.” After a year of painful struggle, we have…
COP28: a long-awaited oasis?
ISLAMABAD: The four-pillared roadmap laid out in the COP28 letter to parties reads like a dream – a sprawling vision with…
Prospects of expanding solar PV capacity
ISLAMABAD: The government has ambitious programmes for installing solar PV capacities. Fossil-based electricity is expensive, has…
US Fed raises interest rates to 16-year high
WASHINGTON: The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated…