The rise of Islamic banking
Islamic banking in Pakistan appears to be unstoppable — while conventional banking deposits grew an average of 13 per cent annually, Islamic banking deposits have grown by 42…
Islamic banking in Pakistan appears to be unstoppable — while conventional banking deposits grew an average of 13 per cent annually, Islamic banking deposits have grown by 42…
Aggressive moves by the US Federal Reserve to tame the red-hot inflation, at the risk of an economic downturn, were believed to have prompted the sell-off of Kospi by foreigners.
As policymakers debate the use of remedial measures to ease the pain of high fuel costs, senior economist Mapa warns against distributions that could aggravate inflation.
The government projects 2022 growth at 4.8 to 5.5 per cent and 2023 growth at 5.3 to 5.9 per cent, while the Organization for Economic and Cooperation Development sees domestic…
Indonesia produces 55 million to 60 million birds per week, with a surplus of around 15 percent to 20 percent after domestic consumption.
The yen, outside the euro zone, fell over 0.5 per cent to a 24-year low of 135.835 per dollar, continuing to weaken after the Bank of Japan dashed any expectations of a change in…
Adding to the inflation-caused woes, experts say prices have been hiked sharply at a time when the country’s economic indicators—from farming to trade—are at their worst.
Netting out the effects of the government’s one-off relief measures, the year-on-year rate of increase in May was 1.7 per cent, while price drops were seen for gas and water.
So far, Pakistan and the IMF have not yet been able to reach close to a staff-level agreement for revival of the loan programme.
It is possible that the coronavirus pandemic caused a structural change in demand for workers with increased reliance on digital technology in both production and distribution of…