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Due to the increasing level of financial exclusion, individuals are without access to common financial services. These can include but are not limited to: savings accounts, loans, cashless transactions, credit, and other traditional banking services. The central bank’s third quarterly report, titled ‘Private Credit Bureaus in Pakistan – Enhancing Credit Penetration by Addressing Information Asymmetries’ provides valuable insight on actions that may allow for the augmentation of credit penetration and greater financial inclusion within the economy. A high level of government borrowing has reduced the financial capital available to private sector firms, as well as lead to trade imbalances and even financial crises and Pakistan’s private sector credit to GDP...

One of Pakistan's noticeable versatile organization administrators (MNO) shut the half-year finished June 30, 2021, on a blended note. According to the most recent monetary outcomes reported by Telenor Gathering, its Pakistan auxiliary Telenor Pakistan figured out how to develop working benefits by 17% year-on-year to Rs12 billion in 1HCY21. The turnaround comes after this MNO recorded 11% yearly constriction in working benefits during CY20. Then again, normal income per client (ARPU) keeps on outlining a lower pattern. At the top, the absolute incomes came to nearly Rs53 billion in the half-year time span, showing the development of 6% over 1HCY20. (Rupee figures are gotten after a change from the revealed Norwegian Krone (NOK) information). Going on like this, Telenor Pakistan is...

After much commotion of its predecessor will cease by the end of this month, a new regime for automobile development is in the making. The stakeholders unanimously agreed upon the decision of how competition could be amplified and how the automobile market could be expanded in size. In Islamabad, the current dispute arises because of incentives. Different automakers are demanding incentives based upon the materials in their product line and those in the pipelines. This article presents an idea to ascertain what the best approach would be for the country—keeping in mind the domestic needs and the best global practices—whilst the future of the automobile industry is kept in mind. The first target is to make small cars reasonably priced. The government subsided the duty and taxes for ...

The trade report card for May 2021 has left almost everyone shocked. Unexpectedly, rice exports have fallen by half to almost a hundred thousand dollars in this month. It had been previously assumed that rice exports would have reached new heights due to the global commodity price boom. However, the report states that the exports are at their second-lowest value in the past 32 months, dipping even lower than the values estimated last May (peak pandemic period). Even though trade performance in shorter periods can never truly justify long-term trends, these developments have been a long time coming. Rice exports have been previously celebrated as the leading savior (after textiles) of Pakistan’s export performance. Pakistan’s rice exports have rebounded substantially after the currency ...

Pakistan has been doing significantly well with its exports of Information and Communication Technology; reports released by the State Bank of Pakistan for the year ended June 30, 2021, justify this statement as the exports of ICT services seemingly surpassed the $2 billion barrier, this being an impressive accomplishment that raised confidence in the future growth of digital services and their export. Overall, ICT exports’ share in the overall goods and services exports had increased from 5 percent in FY20 to 7 percent in FY21 alone. Moreover, in FY21, the ICT exports tally showed remarkable growth as it came in with a notable $2.12 billion, around $683 million more compared to FY20. Where most onlookers may be more concerned with the headline export numbers and statistics, it is ...

In Singapore, Brent oil is at the possibility of reconsidering support at $71.18 per barrel, with a plausible risk of descending below the given point and possibly plummeting to a staggering $69.95. The contract is advancing on a wave (c) since July 30 high of $76.38, which has a huge possibility of progressing into a huge range of $65.98-$69.95. The bounce that had been prompted by the support is giving the impression that it is to be coming to a resolution around a resistance at $72.41, where the setback may continue to decline further. A break above $72.41 may result in a gain to $73.93. On the daily chart, the contract is awaiting to test a support at the aforementioned, $73. 93, and a break below this could cause a detrimental plunge to $68.43.