Tag: slow

Low ICT imports reflect slow growth of knowledge economy

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article image STAFF REPORT KHI: Pakistan’s information and communication technology (ICT) imports share in the country’s total merchandise trade has been an average less than six percent for 10 years, indicating that the transfer of technology needed for knowledge-based economy is moving at a snail’s pace. A latest statistics report issued on Friday by the United Nations Conference on Trade and Development (UNCTAD) showed that Pakistan’s ICT goods imports accounted for a minuscule 4.59…Read More

Climate change can slow down developing states progress

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article image Sidra Saif: THE CLIMATE change has been responsible for floods, extreme weather, earthquakes, rise of sea levels, increase in crop pests, diseases and for some other catastrophes. The issue of global warming can slow down the pace of development especially in developing countries. This challenge is even bigger for the third world nations including Pakistan. The country’s vulnerability to such adverse impacts is likely to increase considerably in the coming decades. These…Read More

Slow supply rises phutti prices

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article image STAFF REPORT IBD: Late arrival phutti in the market has pushed the prices higher on the cotton market, however, official spot rate remained unchanged at Rs 5800, phutti dealers said adding in the ready business, over 9,000 bales of cotton changed hands between Rs 5800-Rs6100.Sindh witnessed seed cotton at Rs 2600-2650 while in Punjab the phutti rates were unchanged at Rs 2600-2700, they said. In fact, the mills are busy in cautious buying in anticipation of rise in prices after Eid holidays,…Read More

Internet, mobile banking share slow

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article image STAFF REPORT IBD: Despite the fact, the financial transactions through internet-banking and mobile-banking witnessed a significant growth in terms of volume and value in the past few years, the share of these two modes of payment are still standing at 2 and 1 per cent in overall electronic-banking system."The share of internet-banking and mobile-banking constitute merely 3 per cent of the overall transactions volume of electronic banking system that recorded 70.9 million in the third…Read More