ANKARA: Turkey needs growth higher than its current rate of around 3 percent to avoid the “middle income trap”, the country’s finance minister said.
Speaking at an economic conference, Mehmet Şimşek also said that macroeconomic fundamentals were more important than fluctuations in FX markets. The Turkish lira has lost more than 10 percent of its value against the dollar this year over concerns about political interference in central bank policy.
ISLAMABAD: Algeria has invited Pakistani businesses and trade bodies to participate in the 57th Algiers International Fair 2026, terming it...
KARACHI: Pakistan’s first national lithium-ion battery manufacturing policy for 2026–31 is nearing approval, while the country’s first lithium battery production...
KARACHI: A major diesel shipment from Europe has reached Pakistan, as a Liberia-flagged vessel carrying fuel docked at Port Qasim...
KARACHI: The State Bank of Pakistan (SBP) has introduced a new policy that allows exchange companies to conduct short-term forward...
