Monetary Policy Committee decided to raise the policy rate by 100 basis points to 16 percent
At today’s meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 100 basis points to 16 percent. This decision reflects the MPC’s view that inflationary pressures have proven to be stronger and more persistent than expected. It is aimed at ensuring that elevated inflation does not become entrenched and that risks…
Adil Aziz
Google Tech Valley To Provide Technological Tools of Learning to Pakistani Schools
To bring innovation in the education sector Google has tied up with a private school with a nationwide presence. Under the agreement, Google Tech Valley signed a memorandum of understanding with the private school to upskill teachers and give exposure to students to universal tools of learning. Google has tied up with several government schools…
Twitter to launch blue check subscription next week, says Musk
TWITTER will tentatively launch its blue check subscription feature next Friday (Dec 2), chief executive officer Elon Musk said in a tweet, after holding off on the launch earlier this week. The social media platform will use different colour checks for organisations and individuals, Musk said. “Gold check for companies, grey check for governments, blue for…
Oil sinks for third week as EU strives for price-cap compromise
OIL headed for a third weekly loss as the European Union weighed a higher-than-expected price cap on Russian crude and slowdown concerns threatened the demand outlook. Brent traded below US$86 a barrel, putting the global benchmark on course for a drop of more than 2 per cent this week. European diplomats remain locked in talks over…
Eco-degradation endangering biodiversity, food security
Ecosystem degradation through depletion of natural resources like water, air, soil and habitat is bringing about destructive effects on the environment endangering biodiversity, wildlife and food security. With the rising population and availability of meagre resources to excel in this domain, the environmental issues continued to aggravate over the years. Massive tree cutting resulting in…
World’s football manufacturing capital in Pakistan gets a green makeover
The Asian Development Bank (ADB) is helping Pakistan’s provincial government of Punjab to build sustainable and livable mid-level cities by upgrading basic infrastructure and services. This includes Sialkot, a thriving business hub known for manufacturing footballs and high-quality surgical instruments. It said the ADB’s support for urban development is helping boost Sialkot’s competitiveness, create jobs,…
Building more universities indispensable for access to higher education: Ahsan Iqbal
Federal Minister for Planning Development & Special Initiatives Ahsan Iqbal stressed the need for higher education, especially for the youth in far-flung areas to access which he said was only possible by building more universities. This he said while congratulating the Pakistan Institute of Development Economics (PIDE) and BUITEMS for conducting a successful conference which…
MMBL-led Banking Syndicate raises PKR 2 Billion in TIER-II Capital Term Finance Certificates
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL), and its Agent Bank for the transaction JS Bank Limited (JS Bank), one of Pakistan’s fastest-growing financial institutions, along with syndicate members, signed an agreement with respect to raising of MMBL’s Tier-II Capital of PKR 2,000,000,000 in the form of Privately Placed/DSLR Listed Term Finance Certificates….
Emirates and flydubai celebrate five years of partnership
This month marks five years since Emirates and flydubai activated their extensive partnership and joined forces to offer customers unrivalled travel options to every corner of the globe. They’ve certainly delivered on their promise. The carriers’ joint route network has significantly expanded, enabling more than 11 million customers to connect on over 250,000 flights and…
Chinese investments helping Pakistan diversify its energy mix: President
President Dr Arif Alvi said the Chinese investment and contributions to Pakistan’s energy infrastructure were increasing the country’s ability to diversify its energy mix based on nuclear, hydel, solar and wind energy in a bid to help meet its energy needs. The president stressed focusing on alternate and renewable energy sources such as solar and…