View of the PIA passenger plane, taken through a glass panel, at Islamabad International Airport, Pakistan, on October 3, 2023. — ReutersBidding scheduled for December 23, say officials.Four bidders were prequalified by Privatisation Commission Board.AKD Group joined Arif Habib-led…
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With poverty at 25.3%, World Bank urges bold reforms to slash penury, build resilience
A representational image showing a child receiving food being distributed by a charity organisation. — Reuters/FilePakistan’s poverty level increase by 7% in three years: WB official.85% people work in low-income sectors, 95% in informal ones.Salaries increased by 2-3% from…
PSX sees turbulent trading with wide intraday swings
A broker talks on phone as he looks at an index board showing the latest share prices at the PSX in Karachi on February 10, 2023. — AFP
The equity market witnessed a volatile session on Friday, with the benchmark index fluctuating sharply.
The Pakistan…
SBP defies market expectations with 50bps rate cut
An undated image of the State Bank of Pakistan building in Karachi. — AFPRate cut despite inflation pressures, external considerations.Market experts had expected central bank to hold policy rate.This is the first interest rate cut since May 5, 2025.
The State Bank of…