Category: Business

Ageing populations could be a boon to economies in the Asia and Pacific region if governments adopt technology policies that improve elderly people’s health, extend skills and working lives, and facilitate job matching, according to a new report from the Asian Development Bank (ADB). According to a press release issued by the bank on Wednesday, the Asian Economic Integration Report […]

KARACHI: The State Bank of Pakistan (SBP) on Tuesday allowed advance payments of up to $10,000 or equivalent per invoice on behalf of manufacturing concerns for import of raw material and spare parts for their own use only. Speaking at a press briefing on Tuesday, SBP Governor Dr Reza Baqir said important decisions have been […]

Prime Minister Imran Khan on Wednesday said now that his economic team had “stabilised the economy”, the government is focusing on creating job opportunities and facilitating investors. Speaking at Sino-Pak Tire Manufacturing Joint Venture Signing Ceremony, the prime minister said that the government’s “next challenge” was to provide jobs to the people and, in order […]

ISLAMABAD: The supply of wheat to Sindh and Khyber Pakhtunkhwa have commenced as decided by the Economic Coordination Committee of the cabinet at its recent meetings, the Ministry of National Food Security and Research announced on Monday. The ECC had allowed the Pakistan Agricultural Stor­age and Services Corpora­­tion (Passco) to dispatch 0.95 million tonnes of […]

ALL states, whether developed or developing, subsidise the agriculture sector. Various international and local studies, including the one conducted by the Punjab Economic Research Institute (PERI), find a positive correlation between subsidy and agriculture productivity. In line with global practice, Punjab’s agricultural sector is also subsidised. However, the subsidies are not reaching most farmers. In […]

KARACHI: On a day when Adviser to the Prime Minister on Finance Dr Hafeez Shaikh rejected consumers’ concerns regarding ongoing food inflation as ‘lies’, greengrocers cited tomato prices in the metropolis hovering between Rs250-300 per kg on Monday. The president of the Falahi Anjuman Wholesale Vegetable Market New Sabzi Mandi, Haji Shahjehan, expressed shock over […]

AS supply-side stresses in the wheat market take hold, the country runs the risk of a difficult flour season for the next six months unless it reassesses the situation and takes corrective measures. Current stocks, at around 4.5 million tonnes — if strategic requirement of one million tonnes is taken out — are hardly enough […]

ISLAMABAD: The government appears to have come under increasing pressure over the issue of price hike as Prime Minister Imran Khan on Monday ordered creation of a special cell for integrated planning on demand and supply of essential commodities to control their prices. Soon after the prime minister presided over a meeting of his economic […]

Chinese e-commerce giants Alibaba and JD.com reported a total of more than $50 billion in sales on Monday in the first half of Singles Day, an annual marketing event that is the world’s busiest online shopping day. Singles Day began as a joke holiday created by university students in the 1990s as an alternative to […]

A New York financial regulator said on Saturday it is investigating claims of gender discrimination by the new credit card from tech giant Apple and its issuer Goldman Sachs, after a cardholder’s tweet about his wife’s credit limit went viral. American businessman David Heinemeier Hansson had tweeted on Thursday that the Apple Card is a […]