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State Bank of Pakistan has cut its benchmark interest rate for the first time in four years. The Central Bank of Pakistan has cut its target policy rate by 75 basis points to 12.50% from 13.25%. Bloomberg noted that Pakistan’s consumer price inflation slowed to 12.4% in February from 14.6% in the previous month, with gains in price-growth expected to ease further on account of lower global oil prices. The committee adopted cautious approach on policy rates that will maintain the inflation rate while it can stir up economic activities to some extent. The report stated that Tuesday’s decision marks a shift in monetary policy direction for Pakistan’s central bank, which had raised its target policy rate nine times since January 2018 despite a wave of global easing last year. The easing will help boost credit demand in the economy, whose growth the World Bank sees decelerating to 2.4% in the year to June — the slowest pace in more than a decade. Central banks across Asia-Pacific have..

The Ministry of Commerce, in collaboration with NADRA, has launched an e-Business Visa Invitation Letter System (E-BIL), another step towards easing business. Chambers and Trade Associations can e-file applications for business visas on arrival for nationals of 190 countries. The applications will be processed in 48-78 hrs. The Ministry of Commerce is now providing an E-Business visa facility, in collaboration with NADRA. All Chambers of Commerce and Industry of Pakistan and Trade Associations are connected to it for uploading visa invitation letters. According to the Commerce Ministry, in the light of the Prime Minister’s vision, E-BIL is launched to facilitate all potential foreigners interested in exploring business opportunities in Pakistan. Foreign nationals can apply for a business invitation letter (a required document for Pakistan’s business visa application) through E-BIL’s website.

The Redmi K30 Pro is set to arrive this month, succeeding last year’s Redmi K30 Pro/Mi 9T Pro with top of the line specifications and similar design aspects. We’ve only seen the device in mock-up renders so far and now, a few days ahead of its launch, the phone has appeared in a set of hands-on images that confirm the design leaks we saw before. The device is encased in a design-concealing pre-production phone cover but it clearly shows some of its design elements. There is a circle-shaped quad-camera setup at the back right above the LED flash. The main camera on this setup is expected to be a 64MP Sony IMX686 sensor we saw on the base Redmi K30/Poco X2. The pop-up selfie camera is on the left side and there also appears to be an infrared sensor on the right. Redmi’s General Manager Lu Weibing shared a teaser on Weibo earlier that revealed that there is also going to be a “Redmi K30 Pro zoom version”. There are no details on this yet, but we can expect an enhanced edition of the ..