Over the past decade, the global economy has undergone a structural shift, with artificial intelligence (AI) emerging as a core industrial infrastructure. While countries like the United States, India, Vietnam, and China invested heavily in AI compute clusters, industrial automation, and digital ecosystems, Pakistan has lagged, focusing predominantly on political disputes and short-term macroeconomic stabilisation. […]
industrial competitiveness
Business Leaders Criticize SBP Interest Rate Policy
The SBP interest rate policy has drawn strong criticism from Pakistan’s business community. On Monday, trade and industry leaders called the State Bank of Pakistan’s decision to keep the policy rate at 11 percent “anti-growth.” They said high borrowing costs are damaging industrial competitiveness and slowing economic recovery. The SBP’s Monetary Policy Committee maintained the […]