KARACHI: Ahmed Azeem Alvi, president of the SITE Association of Industry, expressed dissatisfaction with the State Bank of Pakistan’s recent decision to reduce the policy rate by 100 basis points. Alvi urged the central bank to slash the rate into sin…
Karachi: The State Bank of Pakistan (SBP) reduced its policy rate by 100 basis points to 11.0%, aligning with expectations and reflecting improved inflation outlook due to decreased electricity and food prices. Despite this positive development, the c…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the ratings for Gas and Oil Pakistan Limited (GO), recognizing the company’s robust financial footing and strategic partnership with Aramco. Aramco’s acquisition of approximately 4…
Karachi: The State Bank of Pakistan has disclosed updated financial figures relating to the ceiling and floor limits for May 5, 2025, according to a recent press release.
The data indicates that the ceiling amount set by the bank stands at 63,800, w…
Karachi: The State Bank of Pakistan has disclosed updated financial figures relating to the ceiling and floor limits for May 5, 2025, according to a recent press release.
The data indicates that the ceiling amount set by the bank stands at 63,800, w…
Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the closing exchange rates for various currencies as of May 5, 2025. The rates reveal the current state of international currency exchanges in the open market.
The US dollar mai…