The interest rate is a tool available with the central bank to control inflation, regulate unnecessary rupee movement and give a direction to the national economy.
Economy
Over the years, vivo has made deeper inroads into Pakistan and has created a strong offline network of 7500+ retail stores and 14 exclusive service centers in Pakistan. In order to support its customers during the pandemic, vivo decentralized its customer support services to expand its reach via WhatsApp for seamless customer interactions and assistance.
The stock market touched the high level of 46,691 points at morning and 46,215 low level till the filing of this report. Pakistan Stock Exchange recorded 35.262 million shares trading having more than 2.04 billion value.
Chinese contractors of Dasu Hydropower Project, which is not part of the CPEC, have not resumed the construction activities they had stopped more than two months ago after a terrorist attack, despite elaborate security cover provided by the Pakistan Army
ISLAMABAD: The country’s food import bill widened by over 50 per cent to $1.473 billion in the first two months…
ISLAMABAD: Finance Minister Shaukat Tarin on Friday asked top officials of the Federal Board of Revenue (FBR) to follow an…
Forum discuses winter incentive package on incremental consumption for all services consumers.
The package will be applicable from November 1, 2021 till February 28, 2022.
The final approval of this package will be given by the federal cabinet.
According to State Bank’s latest data, released today, Pakistan suffered $2.3 billion dollars current account deficit during July/Aug FY22 and the CAD without official transfers mounted to $2.36 billion dollars during this period.