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Adopting AI may cut banking fraud

[ SWIFT RESPONSE: AI-powered systems can analyse millions of transactions in real time, identify unusual behavioural patterns and detect potentially fraudulent activities with far greater accuracy than conventional rule-based monitoring systems. PHOTO:FILE KARACHI: As scams are increasing day by day, the adoption of artificial intelligence (AI) could significantly reduce fraud and cyber scams in Pakistan’s … Read more

Economists urge SBP to hold rate at 11.5%

[ Core inflation stays above 8% as PIDE report warns of oil price shock, external risks KARACHI: With inflation cooling but still refusing to settle, and an uneven economic recovery leaving little room for another monetary squeeze, economists have recommended that the State Bank of Pakistan (SBP) keep its policy rate unchanged at 11.5% at … Read more

Fruit bagging attracts buyers

[ CREDIT LINE: The minister emphasised that institutions such as the Exim Bank of Pakistan should provide greater financial support to clusters of cottage industries and small-scale processors, enabling them to adopt modern technologies. PHOTO:FILE ISLAMABAD’: Pakistan’s fruit bagging programme has received encouraging feedback from premium international markets in the wake of enhanced quality and … Read more