Islamabad: The latest data from the Exchange Companies Association of Pakistan (ECAP) indicates minor fluctuations in the buying and selling rates of major currencies including the USD, Euro, GBP, JPY, AED, and SR between July 31 and August 1, 2024. T…
Karachi: Engro Fertilizers Ltd. (EFERT) revealed a significant earnings increase in its second quarter of 2024 financial results, despite facing higher maintenance costs. The company posted consolidated earnings of PKR 1.7 billion, up 57% from the same…
Karachi: The State Bank of Pakistan (SBP) has made another significant cut to its Policy Rate, now set at 19.5%, as part of its continued monetary easing efforts. This move follows a substantial reduction last month and reflects adjustments in market y…
Karachi: The State Bank of Pakistan (SBP) has reduced its policy rate by 100 basis points, bringing it down to 19.5%. This move comes as part of the central bank’s ongoing efforts to manage economic stability while targeting long-term inflation goals. …
Karachi: Leaders of the United Business Group (UBG), including S.M. Tanveer, Zubair Tufail, Khalid Tawab, Hanif Gohar, and Syed Mazher Ali Nasir, have called for more aggressive cuts to the policy rate than the recent 100 basis points reduction made by…
Karachi: The Korangi Association of Trade and Industry (KATI) has voiced strong criticism of the State Bank of Pakistan’s recent decision to reduce the interest rate by only 100 basis points to 19.5%. KATI President Johar Qandhari described the adjustm…