KARACHI: Leaders of the Karachi business community have lauded the Federal Minister for Maritime Affairs and the Karachi Port Trust leadership for implementing significant relief measures in storage and demurrage charges at Karachi Port. This decision…
Karachi: The State Bank of Pakistan (SBP) has announced an increase in the policy rate by 100 basis points, bringing it to 11.5%. This move, set to take effect on April 28, 2026, is a response to rising inflationary pressures linked to geopolitical te…
KARACHI: Pakistan Chemicals and Dyes Merchants Association (PCDMA) has voiced deep disappointment over the State Bank of Pakistan’s decision to increase the policy rate by one percent, warning that this measure could lead to a further slowdown of the…
KARACHI: S.M. Tanveer, the Patron-in-Chief of the United Business Group and a leading business figure, has expressed strong opposition to a recent 100-basis-point increase in interest rates. He asserted that despite rising global oil prices, such an i…
KARACHI: Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI), has criticized the State Bank of Pakistan’s recent decision to raise the policy rate by one percentage point. He cautioned that this move could severe…
Karachi: The KSE-100 index closed at 169,497, declining by 1,175 points, amid range-bound trading activity. Trading volumes decreased to 780 million shares from the previous 1,192 million. The index is anticipated to test resistance at 171,307, with p…