Ever since the pandemic gripped the world and disrupted everything, Pakistan’s payments industry has seen a rapid shift towards digitisation, led by exponential growth in mobile banking.... On top of it, the new electronic money institutions( EMI) have now reached a meaningful scale, doing over Rs200 billion in the last fiscal year.... Overall, the e-banking transactions through banks, microfinance banks and EMIs clocked in at 561 million, as against 141.3m done over the counter....

Private equity investments hit a record high of USD 40.1 billion in 2021, an increase of over 15 per cent from the previous year, led by a USD 3.6 billion flow into Flipkart and USD 1.93 billion into Bundl Technologies, as per a report. According to the data collated by Refinitiv, an LSEG business, while the value of inflows rose 15.2 per cent from USD 34.8 billion in 2020 to USD 40.1 billion in 2021, the deal volume soared to 990 in the reporting year from 588 in 2020. Analysts at the agency ex

Inflation concernsIT’s earnings season time and the lookout will be just how the topsy-turvy, Covid-19 induced shutdowns will affect the bottom line of companies. There will be stocks that will post weakness given the year-on-year effect but also importantly is the effect of rising prices on the fortunes of companies. The world is now beset in a period of rising prices.... Supply shocks, demand recovery and labour constraints are pushing prices upwards, much to the chagrin of consumers but to t

two days, as short-sellers exerted pressure on the renewable energy player. The stock suffered a

PARIS— The Eiffel Tower grew by nearly 20 feet Tuesday after engineers hoisted a new communications antenna at the top of France’s most iconic landmark. Tourists watched from the Trocadero esplanade as the new digital radio antenna was helicoptered up.... ois Martins, told the Associated Press that scientific progress is an integral part of the Iron Lady’s 133-year history.... “ It’s a historical moment this morning, because the Eiffel Tower is getting taller, which is not so common, ” he said

GEORGE TOWN: Short-term rentals should not be penalised as they are working towards being licensed

KUALA LUMPUR: Short-term interbank rates closed steady yesterday on Bank Negara’s operations to

KUALA LUMPUR: Short-term interbank rates closed steady yesterday on Bank Negara’s operations to

Globalization has reached a stage, where in order to overcome reversals and the “new normal” of lower global growth rates, it has to become more inclusive and realistic with respect to the balance of its costs and benefits. Sidelining whole parts of the global economy from economic integration back

ISLAMABAD: The short-term inflation surged 44.16 per cent year-on-year in the week ending on Jan