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Enhanced outreach: Dar puts his weight behind digitalisation

ISLAMABAD: The government is determined to promote digitalisation all across the country, for increasing outreach and access of financial services to people for sustainable development, said Finance Minister Ishaq Dar, Monday. He was speaking at the signing ceremony between Universal Service Fund (USF) and Ministry of Information Technology for laying ...

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Inflation eases to 3.70pc in December

Pakistan’s annual inflation rate eased to 3.70 per cent in December from 3.81pc in November, the Bureau of Statistics said on Monday. On a month on month basis, prices decreased by 0.68 percent in December compared with November, the bureau said. Average inflation for the July December period stood at ...

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Pakistan inflation eases to 3.7% in December

Pakistan’s annual inflation rate eased to 3.70 per cent in December from 3.81 per cent in November, the Bureau of Statistics said on Monday. SBP’s annual report shows 4.1% growth rate On a month on month basis, prices decreased by 0.68 per cent in December compared with November, the bureau ...

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Money Market: Bank investments rise

According to the weekly statement of position of all scheduled banks for the week ended Dec 16, 2016 deposits and other accounts of all scheduled banks stood at Rs10,594.93bn after a 0.56pc increase over the preceding week’s figure of Rs10,536.20bn. Compared with last year’s corresponding figure of Rs9,235.51bn, the current ...

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Risk to growth from rupee depreciation

Is it a mere coincidence that the rupee is ‘largely stable’ and economic growth is gradually picking up? Or is it that a rising/stable national currency is better suited at times for economic growth in emerging markets? A study — by two experts at the Bank for International Settlements (BIS) ...

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Banks enter new year cautiously optimistic

To remain profitable in 2017, banks will have to focus more on core banking along with improving delivery of services. They will also have to make internal controls stronger to ensure full business rule compliance to sustain the gains of the recent past. Senior bankers say individuals and businesses can ...

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Climbing the public debt ladder

The federal and provincial governments are expected to throw caution to the wind in 2017 and spend liberally on development schemes. This is to score points for performance before they return to voters in 2018. Will this new wave of public spending translate into higher growth? It could marginally. Will ...

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Investment takes a step forward

A shaky investment outlook will continue to pose a challenge to economic policymakers as well as the country’s economic prospects during 2017, in spite of signs of improvement in the fundamentals. Indeed, foreign investors have begun returning to Pakistan as security conditions across the country, particularly in Karachi, improve on ...

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Planned transformation: Gwadar’s development, misgivings must be addressed

GWADAR: Pakistan has embarked on a path of economic development and progress with the planned injection of over $50 billion worth of Chinese investment into projects of the China-Pakistan Economic Corridor (CPEC). Of these projects, a major scheme is the transformation of Gwadar port into a top port of the ...

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Fiscal, administrative autonomy: Power devolution for metropolitan

ISLAMABAD: Metropolitan regions have emerged as main growth drivers of the global economy. Brookings Institute, a US-based think tank, has identified 300 largest metropolitan economies of the world, which are contributing 47% to its output with 20% of global population. In this research report, 96 of such economies are located ...

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