Economy

Basel III Endgame will have ‘unintended consequences’ for every corner of the economy, top economist Randall Kroszner warns – Uptrends

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Basel III Endgame will have ‘unintended consequences’ for every corner of the economy, top economist Randall Kroszner warns – Uptrends

  New banking regulations don’t typically generate much interest from the general public. Basel III Endgame (B3E) is a bit different—and it’s not just the catchy, Marvel-esque nickname that’s drawing attention. The nation’s top bankers—as well as numerous conservative lawmakers, industry associations, and lobbyists—have pushed back against B3E, arguing it will be costly for consumers … Read more

What does 2024 hold for economy? – Uptrends

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What does 2024 hold for economy? – Uptrends

  KARACHI: Forget the past; let’s focus on 2024. Very early in the year, we need a democratically elected government with a strong mandate for economic reforms. There is no other wish-list of the voters except their financial well-being. Individuals assigned responsibilities of such ministries shouldn’t identify problems but only provide solutions. It will be … Read more

Economy is out of woods: monthly outlook – Uptrends

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Economy is out of woods: monthly outlook – Uptrends

  ISLAMABAD: Pakistan’s economic challenges—higher budget and current account deficits—have been brought down to a manageable level, laying the foundation for higher economic growth, claimed the Finance Ministry’s Economic Advisor wing on Wednesday. In its monthly economic outlook report, the Finance Ministry’s Economic Advisor wing pronounced that inflation would now settle to a “moderate level,” … Read more