Slump in auto-industry to deepen in first half of 2020

Slump in auto-industry to deepen in first half of 2020

After a dip of closely 72% in automobile sales in the first half of 2019-20, investors in the auto-sector say the sector will continue to face a bumpy ride in January-June period of 2020. Problems like high rates due to the federal excise duty ranging from 2.5% to 7.5% on...

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Pakistan’s capital inflows may be affected by FATF blacklisting: IMF

Pakistan’s capital inflows may be affected by FATF blacklisting: IMF

The International Monetary Fund (IMF) has said Pakistan is still vulnerable to being placed on the Financial Action Task Force (FATF) “blacklist” that could affect the country’s capital inflows. “A potential blacklisting by FATF could result in a freeze of capital flows and lower investment to Pakistan,” stated a report...

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Inflation to begin plummeting in few months: Reza Baqir

Inflation to begin plummeting in few months: Reza Baqir

State Bank of Pakistan (SBP) Governor Dr Reza Baqir said that economic situation is improving and with the mobilization of national resources, private sector will be provided more relief more relief so that it could catalyze the country’s economy. Baqir, addressing the business community at the Faisalabad Chamber of Commerce...

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Daraz pushes the boundaries of innovation to drive growth in 2019

Daraz pushes the boundaries of innovation to drive growth in 2019

In 2019, Pakistan’s ecommerce industry remained resilient through a difficult year. Daraz, the leading ecommerce platform in the country, witnessed exceptional growth as the number of users visiting the platform increased by 100%. The number of customers shopping on Daraz increased by 140% and the number of orders placed in...

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Pakistani rupee getting strong; may peak 150 to dollar

Pakistani rupee getting strong; may peak 150 to dollar

Pakistani rupee is likely to sustain its uptrend in the short term, hitting about 150 to the US dollar over the next couple of months. This will provide the State Bank a chance to build the country’s foreign currency reserves by absorbing additional supply of the rupee in the market....

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Governor SBP Welcomes Change in Moody’s Outlook and Recent Market Developments

Governor SBP Welcomes Change in Moody’s Outlook and Recent Market Developments

Governor SBP Welcomes Change in Moody’s Outlook and Recent Market Developments Governor SBP, Dr. Reza Baqir, welcomed Moody’s change in outlook on Pakistan from negative to stable. He noted that this positive development reflects the recognition of tough decisions taken by the economic policymakers over recent months including the step...

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Governor SBP shares developments in financial inclusion with Queen Maxima

Governor SBP shares developments in financial inclusion with Queen Maxima

Her Majesty (HM) Queen Maxima of the Netherlands in her role as the UN Secretary General’s Special Advocate for Inclusive Finance for Development (UNSGSA) called on Dr. Reza Baqir, Governor State Bank of Pakistan at Islamabad. The Special Advocate and Governor Baqir discussed how inclusive financial technology (fintech) and digital...

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Pakistan’s first 32MP In-display Selfie Camera Smartphone, Infinix S5 is Now Available

Pakistan’s first 32MP In-display Selfie Camera Smartphone, Infinix S5 is Now Available

Lahore, Pakistan, November 25th, 2019 – Infinix, Pakistan’s leading smartphone brand has launched a new addition for their popular S series, Infinix S5 in Pakistan.  Coming in with a 32MP In-display selfie camera, 6.6” punch hole display, quad rear camera and elegant crystal feather pattern design, S5 allows consumers to...

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Daraz Gyara Gyara Guide: How to track your order

Daraz Gyara Gyara Guide: How to track your order

Daraz Gyara Gyara Guide: How to track your order  The Daraz Gyara Gyara sale, which had generated a lot of excitement across the country, has ended and the ecommerce platform’s logistics service, DEX, is dispatching more than 100,000 orders a day. 20,000 Daraz sellers have been processing packages in record...

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Governor SBP encourages stakeholders to strengthen the quantity and quality of credit to Pakistan’s agriculture sector

Governor SBP encourages stakeholders to strengthen the quantity and quality of credit to Pakistan’s agriculture sector

Governor SBP encourages stakeholders to strengthen the quantity and quality of credit to Pakistan’s agriculture sector Governor State Bank of Pakistan, Dr. Reza Baqir, appreciated the banks for their efforts in increasing the bank credit to the agriculture sector, which reached its historical high by end of FY19. ‘It is...

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