Islamabad: Investigations into a staggering Rs 41 billion financial scandal at the Securities and Exchange Commission of Pakistan (SECP) are reportedly stalling, raising serious concerns about accountability and institutional impunity. Despite the Aud…
Islamabad: Pak Elektron Limited (PAEL) is set for significant expansion, having secured US$44 million in export orders, primarily from the United States, including contracts with prominent corporations like Tesla. The electronics manufacturer aims to …
Islamabad: The State Bank of Pakistan (SBP) maintained its benchmark policy rate at 11% amid concerns about the economic impact of recent floods. The central bank, in its monetary policy statement, acknowledged the floods as a “temporary yet significa…
Islamabad: Trans World Enterprise Services (Private) Limited (TES) maintains a developing business profile in Pakistan’s telecom sector, specializing in Fiber-to-the-home (FTTH), Tru TV™, and Voice offerings, according to the Pakistan Credit Rating Ag…
Islamabad: The State Bank of Pakistan’s (SBP) decision to hold the policy rate at 11% has drawn sharp criticism from the SITE Association of Industry (SAI), which argues that the move could undermine the government’s economic revival strategy.
SAI P…
Islamabad: Mian Zahid Hussain, a prominent business leader and former government official, voiced his frustration over the State Bank of Pakistan’s (SBP) decision to maintain its policy interest rate at 11%. He argues that the current rate hinders eco…