LAHORE: All Pakistan Business Forum (APBF) President Ibrahim Qureshi has welcomed the State Bank of Pakistan decision to cut policy rates by 0.25 percent to spur growth, saying the the decision would infuse confidence in the business community and propel economy, which was hostage to the past policy of austerity.
Some quarters have been criticising the SBP decision, citing reduction in the profit rates of depositors who are overlooking the factor that the economic revival is linked to agriculture and industry and not savings, he said.
Several solar panels can be seen in this picture. — AFP/FileLAHORE: Pakistan, with a potential of 40 GW of solar...
The screenshot shows the High Commission of Pakistan in Rwanda hosting a webinar on "Exploring the African Market -...
An undated image of gold jewellery displayed at a store. — AFP/FileKARACHI: Gold prices in the local market dropped...
Clare Lombardelli, the OECD’s chief economist. — BloombergLONDON: High flows of immigration into rich countries...
Representational image of growth in economy. — APP FileLAHORE: The normal ingredients of economic growth include...
The logo of Russia's energy giant Gazprom is pictured at one of its petrol stations in Moscow on May 11, 2022. —...