business

Banks agree to new deposit rates

Chinese commercial banks have agreed to adjust their deposit rates, in line with policy interest rate benchmarks, starting December 1. This decision, made under a self-disciplinary mechanism, is intended to reduce banks’ funding costs, which […]

business

Adani Group Committed to Compliance

Gautam Adani, the founder of the Adani Group, addressed the recent US allegations of his involvement in a $265 million bribery scheme, reaffirming his conglomerate’s commitment to regulatory compliance. This marks the first public response […]

business

Firewall Stalls $1T Govt Goal

Firewall Stalls Pakistan’s $1 Trillion Economic Ambition Pakistan has finalized a five-year economic plan aimed at transforming its economy into a $1 trillion powerhouse by 2035. However, achieving critical goals depends on dismantling a social […]

business

Gaining advantages from the SCO and BRICS

ISLAMABAD: After successfully hosting the Shanghai Cooperation Organization (SCO) summit, Pakistan is actively seeking membership in BRICS, the influential group of emerging economies. Originally formed by Brazil, Russia, India, China, and South Africa, BRICS has […]